Observing the Client's Inventory Taking Enables the Auditor to Establish

question 40

Multiple Choice

Observing the client's inventory taking enables the auditor to establish that:

• A) count tags, sheets or cards are properly controlled.
• B) the client's personnel are complying with the instructions for inventory counts.
• C) items belonging to the client are accurately counted and recorded.
• D) all of the above.

---

Definitions:

Contingency Plan

A contingency plan is a proactive strategy developed to address potential future events or situations that could negatively affect an organization's objectives or operations.

Union Steward

A representative of the labor force who serves as an intermediary between union members and management, advocating for workers' rights and interests.

Immediate Supervisors

Managers or leaders who have direct oversight over the work of other employees.

Collective Bargaining Model

A process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, and other aspects of workers' compensation and rights.