When Conducting Fieldwork for a Physical Inventory,an Auditor Is least

question 32

Multiple Choice

When conducting fieldwork for a physical inventory,an auditor is least likely to perform which of the following steps using a generalized audit software package?

• A)Observing inventory.
• B)Selecting sample items of inventory.
• C)Analyzing data resulting from inventory.
• D)Recalculating balances in inventory reports.

---

Definitions:

Transnationals

Companies that operate on a global scale, transcending national boundaries in their business operations and strategic planning.

Culture Shock

A feeling of confusion, doubt, or nervousness arising from being placed in a new or significantly different cultural environment.

Child Labour

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.

MNCs

Multi-National Corporations, which are companies that operate in multiple countries beyond their home country.