In Connection with the Client's Physical Count of Inventory, Adequate

question 126

Multiple Choice

In connection with the client's physical count of inventory, adequate controls include:

• A) adequate control over count sheets or tags.
• B) proper instructions for the physical count and supervision by responsible personnel.
• C) independent internal verification including reconciliation of physical counts with perpetual inventory master files.
• D) all of the above

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Definitions:

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