While Undertaking the Audit of the Inventory Balance, You Use

question 36

Multiple Choice

While undertaking the audit of the inventory balance, you use your audit software to extract, from the inventory master file, a report that shows those with a negative gross margin. The financial report assertion at which such
A report is aimed is:

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

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Definitions:

Big Five Personality Dimensions

A model describing human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Locus of Control

A psychological concept that refers to individuals' belief about the extent to which their actions influence the outcome of events.

Neuroticism

A personality trait characterized by the tendency to experience negative emotions such as anxiety, anger, or depression.

Anxiety

An emotion characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure, stemming from anticipation of future danger or problems.