An Auditor Most Likely Would Make Inquiries of Production and Sales

question 37

Multiple Choice

An auditor most likely would make inquiries of production and sales personnel concerning possible obsolete or slow-moving inventory to support management's financial statement assertion of

• A) Valuation.
• B) Rights and obligations.
• C) Existence.
• D) Completeness.

---

Definitions:

Halsted-Reitan Battery

A neuropsychological test battery used to evaluate brain and nervous system functioning by assessing motor skills, sensory skills, reflexes, and cognitive abilities.

Neuropsychological Assessment

A specialized examination of cognitive functioning using various tests and tasks, aimed at identifying impairments that may result from brain injury or neurological conditions.

Severity of Damage

The extent or degree of harm or destruction caused to something, such as property, health, or environmental condition.

Spearman's Two-Factor

A theory suggesting that every task requires a combination of general intelligence (g-factor) and skills specific to the task (s-factor).