An Auditor Will Usually Trace the Details of the Test

question 37

Multiple Choice

An auditor will usually trace the details of the test counts of inventory items selected from the factory floor while observing the inventory stocktake through to a final inventory schedule.This audit procedure is undertaken to provide evidence of which assertion(s) ?

• A)Valuation and allocation.
• B)Existence.
• C)Completeness.
• D)Cut-off.

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Definitions:

Preparation

The process of making ready or being made ready for use or consideration, involving planning and arrangement of resources or activities.

Verbal Communication

The conveyance of information or feelings through spoken words, encompassing elements like language, tone, and inflection for effective interaction.

Straightforward

Direct and clear, without unnecessary complexity or ambiguity.

"I" Message

A communication technique that focuses on the speaker's feelings and perspectives rather than placing blame, intended to reduce defensiveness in conversations.