An Auditor Selected Items for Test Counts from the Client's

question 48

Multiple Choice

An auditor selected items for test counts from the client's warehouse during the physical inventory observation. The auditor then traced these test counts into the detailed inventory listing that ultimately agreed to the financial statements. This procedure most likely provided evidence concerning management's assertion of:

• A)completeness.
• B)valuation.
• C)presentation and disclosure.
• D)existence.
• E)rights and obligations.

---

Definitions:

Shift Worker

A person who works a work schedule outside the traditional 9 am to 5 pm due to the needs of the employer.

Circadian Rhythm

The natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours, affecting various biological functions.

Advanced Sleep Phase Syndrome

A circadian rhythm sleep disorder where individuals feel the need to sleep much earlier than the conventional bedtime and wake up earlier.

Elder Sleep Phase Syndrome

A disorder characterized by advanced sleep timing, where individuals feel the need to go to sleep early in the evening and wake up unusually early.