Multiple Choice
If the auditor selects the sample of inventory items to count from the inventory listing at year-end,the auditor gathers evidence about which assertion(s) ?
A) existence and occurrence.
B) accuracy.
C) valuation or allocation.
D) completeness.
E) presentation and disclosure.
Correct Answer:
Verified
Correct Answer:
Verified
Q95: Automated inventory systems may be used to
Q96: If the inventory count is done at
Q97: The balance sheet for BCS,Inc.for December
Q98: The client may use a variety of
Q99: On the balance sheet,the inventory process includes
Q101: The auditor uses substantive tests of balances
Q102: The appropriate journal entry for the transactions
Q103: When the auditor tests the inventory records,<br>A)he
Q104: The client may use a variety of
Q105: The transactions audited in the inventory process