The Auditor's Main Objectives in the Verification of the Sale

question 14

Multiple Choice

The auditor's main objectives in the verification of the sale, trade-in, or abandonment of equipment are to gather sufficient appropriate evidence that all disposals are ________ and at the ________.

• A) verified; historical cost
• B) recorded; correct amounts
• C) accurate; proper gain or loss amount
• D) classified properly; net realizable value

---

Definitions:

Linear Programming

A mathematical method used for achieving the best outcome in a model whose requirements are represented by linear relationships, commonly used in maximizing profit or minimizing cost.

Project Analysis

An examination of the various aspects of a project, including its feasibility, risks, timeline, and cost, to ensure its potential for success.

Mass Customization

is a business strategy that combines the efficiency of mass production with the personalization of custom-made goods or services, allowing individual preferences at relatively low costs.

HR Practices

Activities and strategies implemented by the Human Resources department to manage and support the workforce, including recruitment, training, performance management, and employee relations.