Multiple Choice
Observing the client's stocktake enables the auditor to establish that:
A) items belonging to the client are accurately counted and recorded.
B) count tags,sheets or cards are properly controlled.
C) the client's personnel are complying with the instructions for stocktakes.
D) All of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q22: The typical procedures performed to search for
Q23: Ensuring that accounts payable are stated at
Q24: Explain how substantive testing is used for
Q25: Ensuring that all property,plant and equipment owned
Q26: When substantive tests performed identify errors or
Q28: Existence of trade receivables is usually verified
Q29: The additional opportunities for influencing the timing
Q30: Investments can be vouched to supporting external
Q31: Auditors usually test for the existence of
Q32: When the assessment of inherent risk and