Which of the Following Procedures Would Best Detect the Theft

question 72

Multiple Choice

Which of the following procedures would best detect the theft of valuable items from an inventory that consists of hundreds of different items selling for $1 to $10, and a few items selling for hundreds of dollars?

• A)Have an independent audit firm prepare an internal control structure report on the effectiveness of the controls over inventory.
• B)Maintain perpetual inventory records with frequent periodic verification of the accuracy of these records.
• C)Require an authorised officer's signature on all requisitions for the more valuable items.
• D)Have separate warehouse space for the more valuable items with sequentially numbered tags.

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Definitions:

Brain

The complex central nervous system organ located in the skull, responsible for processing sensory information, regulating bodily functions, and facilitating cognition and consciousness.

Anterior Tibial Artery

A blood vessel that carries oxygen-rich blood to the front part of the lower leg.

Dorsalis Pedis Artery

An artery located on the dorsum of the foot that supplies blood to the area, commonly palpated in order to assess peripheral circulation.

Cephalic Vein

The cephalic vein is a superficial vein in the arm, often used for intravenous injections or blood withdrawal.