Which of the Following Would the Auditor Most Likely Do

question 69

Multiple Choice

Which of the following would the auditor most likely do when testing the existence assertion for inventory?

• A)Observe the client's count of the annual physical inventory and perform test counts.
• B)Review vendor invoices for the amounts recorded.
• C)Review open purchase orders at year-end.
• D)Trace raw material purchases to invoices and to the general ledger.

---

Definitions:

Downer

A depressant drug or an event that reduces mood or enthusiasm.

Slow-Wave Sleep

A deep sleep stage characterized by low frequency, high amplitude brain waves, essential for restorative sleep and memory consolidation.

Creative Insights

Refers to the ability to gain an understanding or develop an idea through innovative and novel thinking.

Night Terrors

A sleep disorder causing feelings of terror or dread, typically occurring in the non-REM sleep phases, often accompanied by screaming or flailing and with little to no recollection of the dream content upon waking.