After Accounting for a Sequence of Inventory Tags,an Auditor Traces

question 57

Multiple Choice

After accounting for a sequence of inventory tags,an auditor traces a sample of tags to the physical inventory listing to obtain evidence that all items:

• A)Included in the listing have been counted.
• B)Represented by inventory tags are included in the listing.
• C)Included in the listing are represented by inventory tags.
• D)Represented by inventory tags are bonafide.

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Definitions:

Age Groups

Categories of populations divided up based on age, often used in research and marketing to segment people for analysis.

Past Three Years

A time frame referring to the last three consecutive years leading up to the current date.

Age Group

A classification of people based on their age, often used in research and marketing to target specific demographic segments.

Over 45

Referring to individuals or entities that are more than 45 years old or to quantities greater than 45 in number.