When Labor Is a Material Factor in Inventory Valuation, the Auditor

question 93

Multiple Choice

When labor is a material factor in inventory valuation, the auditor should place special emphasis on testing the internal controls concerning

• A) fictitious employees.
• B) authorization of wage rates.
• C) proper classification of payroll transactions.
• D) completeness of recorded transactions.

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Definitions:

Sexual Harassment

Unwanted or unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that affects an individual's work environment or personal dignity.

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Adult Survivors

Individuals who have endured and overcome traumatic experiences, typically of abuse or neglect, in their childhood.

Sexual Harassment

Unwelcome or inappropriate sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in a workplace, or other professional or social situations.