As Part of the Conduct of a Review Engagement,which of the Following

question 30

Multiple Choice

As part of the conduct of a review engagement,which of the following procedures would be appropriate for assessing the ending value of inventory?

• A)discussion with management with respect to the costing method used
• B)observation of the inventory count
• C)observation of the warehouse,paying particular attention to dusty and damaged goods
• D)confirmation with customers that are holding consignment inventory with respect to quantity and condition of the inventory

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Definitions:

DHCP

Dynamic Host Configuration Protocol, a network management protocol used to automate the process of configuring devices on IP networks, enabling them to use the TCP/IP protocol based communications.

Flash Storage Devices

Solid state storage media that use flash memory to retain data, offering fast access speeds and resistance to physical shock.

Micro-SD

A compact, portable flash memory card used primarily for storage in mobile devices, such as smartphones and digital cameras.

Mini-SD

A smaller version of the Secure Digital (SD) memory card format, typically used in portable electronic devices like digital cameras and mobile phones for extended storage.