When Evaluating Inventory Controls, an Auditor Would Be Least Likely

question 17

Multiple Choice

When evaluating inventory controls, an auditor would be least likely to

• A)inspect documents.
• B)make inquiries.
• C)observe procedures.
• D)consider policy and procedure manuals.

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Definitions:

American Tourists

Individuals from the United States who travel to different countries or destinations for pleasure, leisure, or cultural experiences.

GNP

Gross National Product, which measures the total economic output produced by a country's residents, both domestically and abroad.

GDP

Gross Domestic Product, which is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

GDP

Gross Domestic Product; the total market value of all final goods and services produced within a country in a given period.