A Client Maintains Perpetual Inventory Records in Both Quantities and Dollars.If

question 44

Multiple Choice

A client maintains perpetual inventory records in both quantities and dollars.If the assessed level of control risk is high,an auditor would probably

• A) Increase the extent of tests of controls for the inventory cycle.
• B) Request that the client schedule the physical inventory count at the end of the year.
• C) Insist that the client perform physical counts of inventory items several times during the year.
• D) Apply gross profit tests to ascertain the reasonableness of the physical counts.

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Definitions:

General Self-Efficacy

Refers to a person's belief in their ability to perform tasks and handle challenges across a variety of different settings and situations.

High Negative Affectivity

refers to a personality characteristic involving a pervasive pattern of negative emotions and poor self-concept.

Workplace Stress

The physical and emotional response that occurs when the demands of the job do not match the capabilities, resources, or needs of the worker.

High Negative Affectivity

A temperament trait characterized by persistent negative emotions and poor stress management.