A Common Inventory Observation Procedure Is to Select a Random

question 21

Multiple Choice

A common inventory observation procedure is to select a random sample of tag numbers and identify the tag with that number attached to the actual inventory item. The audit objective being achieved by this procedure is

• A) inventory as recorded on tags actually exists (existence).
• B) existing inventory is counted and tagged (completeness).
• C) inventory is counted accurately (accuracy).
• D) inventory is classified correctly (classification).

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Definitions:

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to Acquired Immunodeficiency Syndrome (AIDS) if not treated.

Sepsis

A life-threatening condition caused by the body's response to an infection, leading to tissue damage, organ failure, and potentially death.

Add-on Codes

Additional procedure codes used in medical billing to indicate that a service was performed in conjunction with a primary procedure.

Primary Procedure

The main surgical or therapeutic intervention among multiple procedures performed during the same session, typically focusing on the most significant issue.