An Auditor Will Usually Trace the Details of the Test

question 82

Multiple Choice

An auditor will usually trace the details of the test counts made during the observation of physical inventory counts to a final inventory compilation.This audit procedure is undertaken to provide evidence that items physically present and observed by the auditor at the time of the physical inventory count are

• A)Owned by the client.
• B)Not obsolete.
• C)Physically present at the time of the preparation of the final inventory schedule.
• D)Included in the final inventory schedule.

---

Definitions:

Normative, Nonrational, Affective

Describes decision-making or behavior guided by societal norms and emotional responses rather than logical rationale.

Structuration

The theory that describes the two-way process by which social systems are produced and reproduced through individuals' use of rules and resources in interaction.

Anthony Giddens

A British sociologist renowned for his theory of structuration, which explores the interplay between individual agency and social structure.

Rules and Resources

Concepts in sociology and social theory referring to the guidelines that dictate social action and the means available to individuals and groups to achieve their goals.