From Which of the Following Evidence-Gathering Audit Procedures Would an Auditor

question 106

Multiple Choice

From which of the following evidence-gathering audit procedures would an auditor obtain most assurance concerning the existence of inventories?

• A) observation of physical inventory counts
• B) written inventory representations from management
• C) confirmation of inventories in a public warehouse
• D) auditor's recomputation of inventory extensions

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Definitions:

Everyday Class Consciousness

Awareness of one’s own social status and that of others.

Wealthier Member

Refers to an individual or entity within a group or society possessing significantly more financial resources or wealth compared to the other members.

Cultural Capital

The non-financial social assets that promote social mobility beyond economic means, such as education, intellect, style of speech, dress, or physical appearance.

Pierre Bourdieu

A French sociologist and philosopher known for his concepts of habitus, cultural capital, and social capital which explain the dynamics of power and inequality in society.