The Audit Strategy That Would Be Most Appropriate When an Auditor

question 12

Multiple Choice

The audit strategy that would be most appropriate when an auditor has assessed a predominantly substantive approach is necessary to determine inventory quantity is:

• A) inventory quantities determined by physical count at or within a few days of balance date.
• B) inventory quantities determined by physical count near balance date, adjusted by reference to perpetual records.
• C) inventory quantities determined by reference to perpetual records, without a physical count at or near balance date.
• D) none of the above.

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Definitions:

Bladder

A hollow organ in the pelvic area that stores urine before it is expelled from the body.

Elastic Fibers

Fiber components of connective tissue that provide elasticity and resilience to various body parts.

Connective Tissue

Type of animal tissue that binds structures together, provides support and protection, fills spaces, stores fat, and forms blood cells; adipose tissue, cartilage, bone, and blood are types of connective tissue; living cells in a non-living matrix.

Uremia

A condition resulting from the accumulation of waste products in the blood due to kidney failure, leading to various symptoms and health issues.