From the Auditors' Point of View, Inventory Counts Are More

question 62

Multiple Choice

From the auditors' point of view, inventory counts are more acceptable prior to the year end when

• A)internal control is weak.
• B)accurate perpetual inventory records are maintained.
• C)inventory is slow moving.
• D)significant amounts of inventory are held on a consignment basis.

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Definitions:

Internal Network

A network confined to a single organization or location, typically for private and secure communication.

Collision Domains

Network segments where data packets can collide if two devices attempt to transmit simultaneously on the same network medium.

Unauthorized Entry

The act of accessing a computer system or network without permission.

Switch

A device for transmitting data on a network that makes decisions, based on the media access control address of the data, as to where the data is to be sent.