If a Client Intends to Count Inventory at an Interim

question 108

Multiple Choice

If a client intends to count inventory at an interim date, the auditor should expect there to be all of the following except

• A) controls over the preparation and maintenance of perpetual inventory records.
• B) competent personnel assigned to count the inventory.
• C) third-party inventory counting specialists.
• D) an adequately designed plan to count the inventory.

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Definitions:

Behavior

Refers to the actions or reactions of an individual, in response to external or internal stimuli, visible to others.

Social Psychologists

Researchers or practitioners who specialize in studying how individuals' thoughts, feelings, and behaviors are influenced by the social context or the presence of others.

Unconscious Motivations

Drives and desires operating below an individual's conscious awareness that influence behaviors and decisions.

Person's Situation

The set of environmental circumstances or contexts that can influence an individual's behavior and decisions.