To Test the Control Assertion of Completeness in the Area

question 26

Multiple Choice

To test the control assertion of completeness in the area of work-in-process inventory,the auditor most likely would

• A)Select a sample of open and closed production cost reports and recalculate all costs entered.
• B)Select a sample of issue slips from the raw materials stores file and trace materials-used reports to production cost reports.
• C)Select a sample of open and closed production cost reports and vouch overhead charges to overhead analysis schedules.
• D)Select a sample of production orders and determine whether the production orders were authorized.

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Definitions:

Wheat

A cereal grain considered a staple food in many parts of the world, used to make products like bread, pasta, and cereal, among others.

Cattle

Domesticated large animals raised in agriculture for purposes like meat (beef), milk, or hide production.

Crude Oil

A natural petroleum product that’s extracted from the ground and is a global primary energy source, undergoing refinement for various uses.

Tractors

Heavy vehicles designed for agricultural use, mainly for plowing, tilling, and planting fields.