The Audit Tests to Verify That the Client Is Using

question 89

Multiple Choice

The audit tests to verify that the client is using an inventory method which is generally accepted and to verify that physical counts were correctly summarized are performed during the audit of the

• A) acquisition and payments cycle.
• B) payroll and personnel cycle.
• C) inventory and warehousing cycle.
• D) sales and collection cycle.

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Definitions:

Random

Lacking a definite plan, purpose, or pattern; made, done, happening, or chosen without method or conscious decision.

Unaware

Lacking knowledge, consciousness, or realization about a specific fact, situation, or phenomenon.

Treatment

The management and care of a patient or the combating of disease or disorder.

Relative Risk

A measure used in epidemiology to determine the likelihood of a health event occurring in one group compared to another.