Which of the Following Inventory Frauds Is Not Identified by Practice

question 109

Multiple Choice

Which of the following inventory frauds is not identified by Practice Alert No. 94-2: Auditing Inventories-Physical Observations?

• A) double-counting inventory
• B) counting obsolete inventory as salable
• C) including inventory for which the corresponding payable has not been recorded
• D) employee theft of inventory item having high sales volume

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Definitions:

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A trained professional who utilizes psychological methods and techniques to help individuals understand and manage their emotions, behaviors, and thoughts.

Behaviour Therapy

A type of psychotherapy that aims to change undesirable behavior through conditioning and other learning principles.

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