Which of the Following Tests Would the Auditor Use Generalised

question 26

Multiple Choice

Which of the following tests would the auditor use generalised audit software for in order to test the completeness assertion of inventory?

• A) Identification of inventory items which haven't been sold for three months.
• B) A sequence check looking for missing purchase invoice numbers.
• C) A sequence check looking for duplicate purchase invoice numbers.
• D) Selecting items from the inventory records in order to trace back to physical inventory counts.

---

Definitions:

Price Decrease

refers to a reduction in the cost of goods or services in the market.

Consumer

An individual or group that purchases goods or services for personal use, not for manufacture or resale.

Income

Money received, typically on a regular basis, for work or through investments.

Marginal Rate

A term that may refer to the rate at which one variable changes as another variable changes marginally, often used in the context of taxes, substitution, or transformation.