Which of the Following Audit Objectives Does Not Relate Primarily

question 22

Multiple Choice

Which of the following audit objectives does not relate primarily to the financial report assertion of completeness?

• A) Inventories are reduced, when appropriate, to net realisable value.
• B) Inventory quantities include all products, materials and supplies on hand.
• C) Inventory listings are accurately compiled and the totals are properly included in the inventory accounts.
• D) Inventory quantities include products and materials owned by the company that are in transit or stored at outside locations.

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Definitions:

Spouses

Legally married partners committed to a conjugal relationship.

Situational Couple Violence

A pattern of physical violence between intimate partners that arises from a specific argument and is not part of a campaign to control the partner.

Primary Perpetrator

The main individual responsible for committing a specific act or offense, particularly in contexts of crime or abuse.

Dominate

To exert control or influence over; to be the most prominent or powerful entity in a given situation.