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:

Valid Feedback

Constructive criticism or input received from users or clients that is based on actual experiences or observations.

Verbal

Relating to or using words, especially spoken ones, as a form of communication.

Caution Signals

Indicators or signs that suggest the need for careful consideration or reassessment in a specific situation.

Puzzled Expressions

Puzzled expressions are facial expressions that indicate confusion or lack of understanding.