When a Physical Count of Inventory Is Performed at an Interim

question 70

Multiple Choice

When a physical count of inventory is performed at an interim date, the auditor observes it at that time and tests the perpetual records for transactions

• A) throughout the year.
• B) which are a representative sample of the period under audit.
• C) from the date of the count to year-end.
• D) from the date of the count to the end of the audit field work.

---

Definitions:

Letterhead

A printed heading on stationery, typically including the name, address, and logo of a person or organization, used for official correspondence.

Dimension

A measurable extent of some kind, such as length, width, depth, or height, often used in the context of physical spaces or objects.

Rows

Horizontal lines in a table or spreadsheet, used to organize information or data points across several columns.

Columns

Vertical divisions within a table or text document designed to organize content in a structured manner.