If Controls Over Production Accounting Are Found to Be Strong,an

question 24

Multiple Choice

If controls over production accounting are found to be strong,an auditor can plan to do less testing over ________.

• A)the existence assertion of inventory
• B)the valuation assertion of inventory
• C)the completeness assertion of inventory
• D)the rights assertion over inventory

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Definitions:

Purpose

The reason for which something is done or created or for which something exists, often providing motivation or direction.

Goals

Targets or objectives that a person or organization aims to achieve.

Abilities

The competency or skill sets that an individual possesses, enabling them to perform various tasks or activities.

Reasons

Justifications or explanations for actions or beliefs.