The Auditor's Strategy in Performing Test Counts During the Inventory

question 11

Multiple Choice

The auditor's strategy in performing test counts during the inventory observation is to:

• A) concentrate tests on high dollar items and take a representative sample of other items.
• B) test all high dollar items.
• C) randomly select all test items.
• D) concentrate tests in areas where employees seem to be disregarding the inventory instructions.
• E) sequentially select all test items.

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Definitions:

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