If the Auditor Selects the Sample of Inventory Items to Count

question 72

Multiple Choice

If the auditor selects the sample of inventory items to count from the inventory on the warehouse shelves,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:

Recognition

The act of acknowledging or rewarding an individual's or group's achievements, performance, or qualities, fostering motivation and morale.

Motivate Others

The ability to inspire or encourage individuals or groups to engage enthusiastically with tasks or challenges.

Congratulatory Email

A digital message sent to acknowledge and celebrate an individual's or group's achievement or milestone.

Expectancy Theory

A theory of motivation that suggests an individual's behavior is determined by their expected outcomes or rewards.