Examlex
In addition to performing analytical procedures that examine the relationship of inventory account balances with related financial statement accounts, auditor's will often use nonfinancial measures in determining the reasonableness of inventory balances. List below at least two nonfinancial measures that may be useful to auditors.
Evaluative
Relating to the assessment or judgment of the performance, value, or quality of someone or something.
Negatively Worded
Refers to items or questions in surveys or assessments that are phrased in a manner that implies the opposite of what is being asked to prevent bias.
Negatively Worded
Refers to the use of negative phrasing in questions or statements, which can sometimes lead to confusion or misinterpretation in surveys or tests.
Yea-Saying
A response bias in surveys or questionnaires where participants tend to agree with statements regardless of their content, often to be agreeable or due to misunderstanding.
Q36: Verification of the legitimacy of year-end unpaid
Q39: Auditing standards require that the auditor evaluate
Q50: With respect to a small company's system
Q52: What are two important internal control procedures
Q60: Negative confirmations normally require a larger sample
Q64: Examining payroll records for an indication of
Q94: Which type of subsequent event requires consideration
Q94: Comparing the physical counts with the perpetual
Q109: Auditors,as part of completing the audit,will request
Q111: The majority of financial instruments are valued