If the Auditor Selects the Sample of Inventory Items to Count

question 100

Multiple Choice

If the auditor selects the sample of inventory items to count from the inventory listing at year-end,the auditor gathers evidence about which assertion(s) ?

• A)existence and occurrence.
• B)accuracy.
• C)valuation or allocation.
• D)completeness.
• E)presentation and disclosure.

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Definitions:

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other activities of the autonomic nervous system, including temperature control, hunger, and thirst.

Pima Indians

A group of Native American people living in Arizona and Sonora, Mexico, known for their unique genetic composition and high prevalence of diabetes in medical studies.

Diet

The usual food and drink consumed by an individual or group, often considered in terms of its quality, composition, and its effect on health.

Stress Levels

The intensity of stress reactions within an individual, which can impact mental and physical health.