To Gain Assurance That All Inventory Items in a Client's

question 69

Multiple Choice

To gain assurance that all inventory items in a client's inventory listing schedule are valid,an auditor most likely would trace

• A) Inventory tags noted during the auditor's observation to items listed in the inventory listing schedule.
• B) Inventory tags noted during the auditor's observation to items listed in receiving reports and vendors' invoices.
• C) Items listed in the inventory listing schedule to inventory tags and the count sheets.
• D) Items listed in receiving reports and vendors' invoices to the inventory listing schedule.

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Definitions:

Empathy and Support

The capacity to understand and feel what others are experiencing combined with efforts to comfort, assist, or encourage them.

Communication

The process of exchanging information, ideas, thoughts, and feelings between people through verbal, written, or nonverbal means.

Process Consultation

A method in organizational development wherein an external consultant supports a client in understanding and solving their own problems through reflective inquiry and advice.

Quality Circles

Groups of workers who meet regularly to discuss and propose solutions to workplace problems, aimed at improving performance and the work environment.