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

The actions or reactions of an object or organism, usually in relation to the environment, which can be observed and measured.

Likert Scale

A psychometric scale commonly involved in research that employs questionnaires, used to gauge attitudes, values, or responses involving degrees of agreement or disagreement.

Environmental Protection

Efforts and policies aimed at preserving the natural environment from degradation or pollution to sustain ecological balance and conserve resources for future generations.

Values

Core beliefs or standards that guide behavior and decision-making, reflecting what is important to an individual or society.