To Learn More About a Company and Its Inherent Risks,auditors

question 27

Multiple Choice

To learn more about a company and its inherent risks,auditors can use which of the following resources?

• A)Management inquiries.
• B)Economic statistics.
• C)Online searches.
• D)Any of the above could be used.

---

Definitions:

Aggregate Plan

A plan that includes forecast levels for families of products of finished goods, inventory, shortages, and changes in the workforce.

Master Production Schedule

A plan for individual commodities to be produced in each time period, serving as a link between production planning and manufacturing.

Lot-For-Lot

A lot-sizing technique that generates exactly what is required to meet the plan.

Set Up Cost

Expenses associated with preparing equipment or facilities for a task, such as a production run or a new process.