From Which of the Following Evidence-Gathering Audit Procedures Would an Auditor

question 92

Multiple Choice

From which of the following evidence-gathering audit procedures would an auditor obtain most assurance concerning the existence of inventories?

• A)Observation of physical inventory counts
• B)Written inventory representations from management
• C)Confirmation of inventories in a public warehouse
• D)Auditor's recomputation of inventory extensions

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Definitions:

Bad Cholesterol

Commonly refers to low-density lipoprotein (LDL) cholesterol, which can accumulate in the walls of blood vessels and increase the risk of heart disease.

Artery Walls

The layers of tissue that form the outer structure of an artery, which carry oxygen-rich blood from the heart to the rest of the body.

Atherosclerosis

A disease in which plaque builds up inside arteries, leading to reduced blood flow and can result in heart attack, stroke, or other health issues.

Arteriosclerosis

The thickening, hardening, and loss of elasticity of the walls of arteries, which can restrict blood flow to organs and tissues.