Which of the Following Is Not One of the Independent

question 6

Multiple Choice

Which of the following is not one of the independent auditor's objectives regarding the examination of inventories?

• A)Verifying that inventory counted is owned by the client.
• B)Verifying that the client has used proper inventory pricing.
• C)Ascertaining the physical quantities of inventory on hand.
• D)Verifying that all inventory owned by the client is on hand at the time of the count.

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Definitions:

Flood

An overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or breach of dams.

Poor Diet

A diet lacking in nutrition and essential nutrients leading to health problems.

Epidemiologic Transition

A phase of development witnessed by a sudden and stark increase in population growth rates brought by medical innovation in disease or disease control.

Mortality

The incidence of death within a population; the rate at which deaths occur in a particular population, typically expressed per thousand individuals per year.