It Is Important for Auditors to Be On-Location on the Last

Multiple Choice

It is important for auditors to be on-location on the last day of the client's fiscal year when the client

A) operates a restaurant that does a considerable amount of business on New Year's Eve.
B) has significant inventory activities such that the receipts and shipments of inventories at year-end should be observed.
C) relies upon electronic verification to indicate the timing of transactions.
D) refuses to pay overtime rates for the audit team during its busy season.