Which of the Following Is Not One of the Independent

question 42

Multiple Choice

Which of the following is not one of the independent auditor's objectives regarding the examination of inventories?

• A)Verifying that inventory counted is owned by the entity.
• B)Verifying that the entity has used proper inventory pricing.
• C)Ascertaining the physical quantities of inventory on hand.
• D)Verifying that all inventory owned by the entity is on hand at the time of the count.

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Definitions:

Fewer Resources

The state of having limited assets, funds, or materials to work with or utilize in a project, business, or operation.

Philanthropic Goodwill

The positive reputation and relationships a business builds through charitable actions, donations, or involvement in community services.

Internal Environment

The conditions, entities, events, and factors within an organization that influence its activities and choices, including its culture, employees, and management.

Green Marketing

Marketing efforts designed to promote products by emphasizing their environmental benefits or the environmental consciousness of the brand.