You Are Gathering Evidence for the Audit Objective That Existing

question 137

Multiple Choice

You are gathering evidence for the audit objective that existing inventory items are included in the inventory listing schedule. The audit procedure that would provide you with the best evidence to confirm this objective is

• A) trace from inventory tags to the inventory listing schedule and make sure the inventory on the tags is included.
• B) trace the inventory totals to the general ledger.
• C) perform tests of lower-of-cost-or-market.
• D) account for unused tags shown in the auditor's documentation to make sure no tags have been added.

Grasp the influence of emotional and cognitive factors on perception and response times (e.g., Emotional Stroop Test).

Analyze the role of subjective interpretation in psychological evaluations and profiling.

Understand the statistical implications of psychological testing results, especially in diagnosing conditions like schizophrenia.

Discuss the scientific attempts at categorizing types of crimes and criminals.

---

Definitions:

Executive Leaders

Senior members of an organization responsible for making strategic decisions and ensuring that the organization achieves its objectives.

Goals

Objectives or desired outcomes that individuals or organizations aim to achieve within a specific time frame.

Expectancy Theory

A motivational theory suggesting that people are motivated to act in certain ways based on their expectations of the outcome and the value they place on that outcome.

Specific Rewards

Targeted benefits or incentives provided to individuals or groups for achieving certain goals or performance criteria.