An Auditor Will Usually Trace the Details of the Test

question 19

Multiple Choice

An auditor will usually trace the details of the test counts made during the observation of physical inventory counts to a final inventory compilation. This audit procedure is undertaken to provide evidence that items physically present and observed by the auditor at the time of the physical inventory count are

• A)owned by the client.
• B)not obsolete.
• C)physically present at the time of the preparation of the final inventory schedule.
• D)included in the final inventory schedule.

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Definitions:

Natural Selection

A process by which organisms that are better adapted to their environment tend to survive and produce more offspring.

Synthetic Stimulant

A man-made substance designed to increase alertness, attention, and energy, often used as drugs.

Mild Hallucinogen

A substance that induces subtle alterations in perception, mood, and thought, without causing intense hallucinations or loss of reality.

Dopamine

A neurotransmitter in the brain that plays key roles in regulating mood, motivation, pleasure, and motor control.