While Observing a Client's Annual Physical Inventory,an Auditor Recorded Test

question 52

Multiple Choice

While observing a client's annual physical inventory,an auditor recorded test counts for several items and noticed that certain test counts were higher than the recorded quantities in the client's perpetual records.This situation could be the result of the client's failure to record

• A) Purchase discounts.
• B) Purchase returns.
• C) Sales.
• D) Sales returns.

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Definitions:

Humanistic Approach

An approach in psychology that focuses on examining the entirety of a person and the distinctiveness of everyone's individual experiences.

Strengths

Positive attributes or abilities of an individual that contribute to successful performance and achievement.

Weaknesses

Areas of lesser ability or strength in an individual, organization, or system that may hinder performance or achievement.

Reciprocal Determinism

A concept in psychology that suggests individual behavior, environment, and cognition are interlinked and influence each other.