Explain Briefly the Two Directions of Inventory Test Counts

question 2

Essay

Explain briefly the two directions of inventory test counts.
A.Basic transaction files to perpetual inventory records (completeness assertion).
B.Perpetual inventory records to the detail source documents (existence or occurrence assertion).

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Definitions:

Situational Attribution

The process of attributing a person's behavior to external causes rather than to internal characteristics.

Dispositional Attribution

The process of attributing behavior to an individual's stable personality traits.

Highly Consistent Behaviours

Actions or reactions that are predictable and stable over time across different situations.

Fundamental Attribution Error

The tendency to explain someone's behavior based on internal factors, like character or intention, rather than external factors.