Which of the Following Is Not a Procedure That the Auditor

question 18

Multiple Choice

Which of the following is not a procedure that the auditor should perform related to the physical inventory count?

• A)Document the first and last tag numbers used.
• B)Take notations of all items that appear to be obsolete or are in questionable condition.
• C)Make counts of all items and record the counts for subsequent tracing into the client's inventory compilation.
• D)Observe whether there is any physical movement of goods during the counting of the inventory.

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Definitions:

Customer Analysis

The process of examining and interpreting data about customers to understand their preferences, behaviors, and demographics.

Frozen Prepared Foods

Pre-cooked meals that are preserved through freezing and can be reheated for consumption.

Frozen Food Market

Refers to the commercial sector involved in the production, distribution, and sale of pre-cooked and preserved food products that are stored and sold frozen.

External Secondary Data

Information that has been collected previously by other entities such as companies, government agencies, or research organizations, and is utilized for research or analysis purposes.