From the Auditor's Point of View,inventory Counts Are More Acceptable

question 8

Multiple Choice

From the auditor's point of view,inventory counts are more acceptable prior to the year-end when:

• A)Internal control is weak.
• B)Accurate perpetual inventory records are maintained.
• C)Inventory is slow-moving.
• D)Significant amounts of inventory are held on a consignment basis.

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Definitions:

Mental Models

Cognitive constructs that individuals use to understand and interpret the world around them.

Inconsistent Views

Divergent or conflicting perspectives among individuals or groups regarding a particular issue or topic.

Disagreements

Occurrences of conflict or divergence of opinions, views, or interests among individuals or groups.

Overworked

The condition of being required to work excessively or beyond what is reasonable or healthy, often leading to stress or burnout.