An Auditor Selected Items That Are on the Store Floor

question 54

Multiple Choice

An auditor selected items that are on the store floor for test counts while observing a client's physical inventory.The auditor then traced the test counts to the client's inventory listing.This procedure most likely obtained evidence concerning management's assertion of:

• A)rights and obligations.
• B)completeness.
• C)existence.
• D)valuation and allocation.

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Definitions:

Exposure Status

The classification of individuals or groups in a study according to their level or type of exposure to a factor of interest, which may be related to disease outcomes.

Relative Risk

A ratio comparing the probability of an event occurring in an exposed group to a non-exposed group.

Fasting Glucose

Measurement of blood sugar levels after abstaining from food and drink (except water) for at least 8 hours, used in diagnosing diabetes.

CVD

Cardiovascular Disease, a class of diseases that involve the heart or blood vessels.