When Auditing Inventories,an Auditor Would Least Likely Verify That

question 89

Multiple Choice

When auditing inventories,an auditor would least likely verify that

• A)All inventory owned by the client is on hand at the time of the count.
• B)The client has used proper inventory pricing.
• C)The financial statement presentation of inventories is appropriate.
• D)Damaged goods and obsolete items have been properly accounted for.

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Definitions:

Cranial Nerves

The twelve pairs of nerves that originate in the brain and control sensory and motor functions in the head and neck.

Motor Area

A region of the brain, notably within the frontal lobe, responsible for the control of voluntary movements.

Presbyopia

A common age-related condition where the eye's lens loses the ability to focus on close objects, necessitating reading glasses or bifocals.

Elasticity

The ability of an object or material to resume its normal shape after being stretched or compressed, indicating flexibility and resilience.