When Labor Is a Material Factor in Inventory Valuation, the Auditor

question 93

Multiple Choice

When labor is a material factor in inventory valuation, the auditor should place special emphasis on testing the internal controls concerning

• A) fictitious employees.
• B) authorization of wage rates.
• C) proper classification of payroll transactions.
• D) completeness of recorded transactions.

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Definitions:

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Gerontological Nursing

A nursing specialty focused on the care and treatment of older adults.

National Certification

A formal recognition by a relevant professional organization that an individual has met certain predetermined standards in their field of expertise.

Canadian Nurses Association

A national, professional organization aiming to represent registered nurses, advance the practice of nursing, and promote health public policies in Canada.