An Auditor Selects a Random Sampling of Tag Numbers and Identifies

question 23

Multiple Choice

An auditor selects a random sampling of tag numbers and identifies the tag with that number attached to the actual inventory.The purpose of the procedure is to:

• A)obtain proper cutoff information.
• B)uncover the inclusion of nonexistent items as inventory.
• C)to determine if the client has adequately priced the inventory item.
• D)to verify that the client has not changed the recorded counts after the auditor left the premises.

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Definitions:

Working Memory

The part of short-term memory that is concerned with immediate conscious perceptual and linguistic processing.

Conscious Recollection

The deliberate and aware process of remembering or bringing an experience or piece of information into one's mind.

Central Executive

A component of working memory model that is responsible for directing attention and coordinating cognitive processes during complex tasks.

Chunking

Organizing items into familiar, manageable units; often occurs automatically.