When a Client Uses Perpetual Inventory Records, the Tests of Details

question 107

Multiple Choice

When a client uses perpetual inventory records, the tests of details of balances for inventory can be significantly reduced if the auditor believes the records are accurate. The controls over the acquisitions included in the records are normally tested as a part of the

• A) tests of controls for acquisitions.
• B) tests of controls and substantive tests of transactions for acquisitions.
• C) tests of details of balances for acquisitions.
• D) analytical procedures and tests of controls for acquisitions.

---

Definitions:

Involving Phase

A stage in a process or project that engages or includes participation from relevant parties or stakeholders.

First Session

The initial meeting or engagement in a series of events, activities, or treatment sessions.

Nutrition Counselor

A professional who provides guidance and advice on eating habits and dietary choices to improve health.

ADIME Note

A type of documentation used by dietitians that stands for Assessment, Diagnosis, Intervention, Monitoring, and Evaluation.