During the Current Financial Year, the Client Company Began Dealing

question 3

Multiple Choice

During the current financial year, the client company began dealing with certain distributors on a consignment basis (goods were delivered to the distributor but not deemed sold until the distributor had on-sold them) .Which of the following audit procedures is least likely to bring this new fact to the auditor's attention?

• A)Test of cash receipts transactions.
• B)Tracing of shipping documents to the sales journal.
• C)Observation of physical inventory at the client company's premises.
• D)Confirmation of accounts receivable.

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Definitions:

Cardiac Output

The volume of blood the heart pumps per minute, a crucial parameter in assessing cardiac function.

Increased Preload

A condition where there is an increased volume of blood in the ventricles at the end of diastole, leading to enhanced cardiac output.

Tissue Perfusion

The process of delivery of blood to a capillary bed in the biological tissue, critical for delivering nutrients and oxygen.

Hypertension

A condition characterized by consistently high blood pressure.