"Physical Examination" Is the Inspection or Count by the Auditor

question 33

Multiple Choice

"Physical examination" is the inspection or count by the auditor of items such as

• A) cash, inventory, and payroll timecards.
• B) cash, inventory, canceled checks, and sales documents.
• C) cash, inventory, canceled checks, and tangible fixed assets.
• D) cash, inventory, securities, notes receivable, and tangible fixed assets.

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Definitions:

Conglomerate

A coarse-grained sedimentary rock composed of rounded clasts cemented together.

Breccia

A sedimentary rock composed of broken fragments of minerals or rocks cemented together by a fine-grained matrix.

Sandstone

A sedimentary rock composed mainly of sand-sized minerals or rock grains, often used in construction due to its durability.

Conglomerate

A coarse-grained sedimentary rock composed of rounded clasts bonded together by a matrix of finer-grained particles and cement.