Substantive Audit Procedures in the Inventory Process Are

question 1

Multiple Choice

Substantive audit procedures in the inventory process are

• A)reviewing policies and procedures
• B)monitoring
• C)inquiry
• D)recalculation
• E)risk assessment
• F)both A and C
• G)both C and D
• H)both D and E

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Definitions:

Hypothetical Syllogism

A form of logical argument involving two conditional statements and a conclusion derived from them.

Modus Ponens

A form of logical argument where if a conditional statement ("if P then Q") is accepted, and the antecedent (P) holds, then the consequent (Q) can be concluded.

Inductive Generalization

A form of reasoning where a conclusion is drawn about all members of a group based on observations of a sample of that group.

Sodium

A chemical element with the symbol Na and atomic number 11, which is a soft, silvery-white, highly reactive metal and is found in many salts, including table salt.