Auditors Are Responsible for Setting Up Procedures for a Physical

question 1

True/False

Auditors are responsible for setting up procedures for a physical inventory count that will be observed by management

---

Definitions:

Hiring Freeze

A temporary policy implemented by organizations to stop or slow down the recruitment of new employees.

Psychological Contract

An unwritten set of expectations existing between an employer and employees regarding mutual obligations, benefits, and commitments.

Distributive Justice

A concept in social science and philosophy regarding the fair distribution of resources and benefits among members of a society.

Procedural Justice

The fairness of the processes used to make decisions, particularly in terms of how individuals believe they are treated by authorities or organizations during those processes.