A Retail Store Has a Number of Inventory Adjustments at the End

question 36

Multiple Choice

A retail store has a number of inventory adjustments at the end the last ten accounting periods. What computer audit step should be taken to detect any fraud?

• A) Summarize user access to the sales register
• B) Compare adjustment to inventory to the void/refund transactions summarized by employee
• C) List the top ten employees in sales by location
• D) List the top ten inventory items by sales totals

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Definitions:

Catalog Marketing

A retail sales technique used to group many items together in a printed piece or an online store.

Retailers

Businesses that sell products or services directly to consumers, usually in small quantities.

Retail

The sale of goods or services directly to consumers for personal use.

Retailer Cooperatives

Groups of independent retailers who combine their purchasing power to negotiate better prices from suppliers and improve competitiveness.