During the Preliminary Analytical Review, the Auditor Discovered That the Auditee

question 11

True/False

During the preliminary analytical review, the auditor discovered that the auditee forecast sales of 10,000 units but only 5,000 were sold. The auditors should consider performing a careful lower-of-cost-or-market valuation of the year-end inventory.

---

Definitions:

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.

Somatic Nervous Systems

A part of the peripheral nervous system involved in voluntary control of body movements through the action of skeletal muscles.

Glial Cells

Non-neuronal cells in the central and peripheral nervous system that support, protect, and provide a supportive framework for neurons.

Axons

Long, threadlike parts of nerve cells which transmit electrical impulses away from the neuron's cell body.