Which One of the Following Procedures Would Not Be Appropriate

question 60

Multiple Choice

Which one of the following procedures would not be appropriate for an auditor in discharging his or her responsibilities concerning the entity's physical inventories?

• A)Confirmation of goods in the hands of public warehouses.
• B)Supervising the annual physical inventory count.
• C)Carrying out physical inventory procedures at an interim date.
• D)Obtaining written representation from the entity as to the existence, quality, and dollar amount of the inventory.

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Definitions:

Class Bias

A prejudice or discrimination based on social class or perceived socioeconomic status.

Marxist-Leninist

A political and economic ideology based on the theories of Karl Marx and Vladimir Lenin, advocating for a classless society and the overthrow of capitalism through revolutionary means.

Free Rider

An individual who benefits from resources or services without contributing to the cost or effort.

Collective Efforts

The actions taken and work done by a group working together towards a common goal or project.