Which One of the Following Is NOT an Element of the Audit

question 13

Multiple Choice

Which one of the following is NOT an element of the audit of the inventory and warehousing cycle?

• A) Review timekeeping procedures for manufacturing employees.
• B) Physically observe inventory.
• C) Check how goods are shipped and revenue and costs are recorded.
• D) Price and compile inventory.

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Definitions:

Information-Sharing

The exchange or provision of data, knowledge, or insights among individuals, organizations, or systems.

Brainstorming

A creative group activity used to generate a large number of ideas or solutions to a problem without immediate evaluation.

Piggybacking

Utilizing or leveraging the work, success, or momentum of another for one's own benefit, often without authorization.

Sequencing

The process of arranging activities, tasks, or events in a specific order or sequence.