The Reliability of Perpetual Inventory Master Files Affects the Timing

question 2

Multiple Choice

The reliability of perpetual inventory master files affects the timing and ________ of the auditor's physical examination of inventory.

• A) cutoff
• B) accuracy
• C) nature
• D) extent

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Definitions:

Communication

The exchange of information or ideas between individuals or groups.

Sender

The person or entity that initiates a message in the process of communication.

Verbal Feedback

Oral comments or critiques provided to offer guidance, improve performance, or encourage discussion.

Encode

The process of converting information into a particular form, especially to hide or secure its content.