When Verifying the Transfer of Inventory from One Location to Another

question 12

True/False

When verifying the transfer of inventory from one location to another, the audit objectives with which the auditor is primarily concerned are occurrence of recorded transfers, completeness of recorded transfers, and accuracy of recorded transfers.

---

Definitions:

Photos App

A software application designed for organizing, editing, and sharing photos stored on a device.

Pictures Folder

The default folder in an operating system where images and digital photos are saved and organized.

Copying

The act of duplicating data or files from one location to another within a computer or over a network.

Moving Files

The process of changing a file's location from one folder or directory to another within a computer's file system.