Shelfco,Inc

question 23

Multiple Choice

Shelfco,Inc.has an inventory report that is approximately 4,000 pages.The audit program requires James Morris,the staff auditor,to test the report for accuracy.What is the most efficient and effective means for James to perform the procedure?

• A)Ask the client to foot and extend the report and return the results of the test to the auditor for concluding.
• B)Foot and extend every 100th page and extrapolate the results of footing to the total of the report.
• C)Obtain an electronic copy of the file and use generalized audit software in footing and extending.
• D)Skip the procedure as the cost of footing and extending exceeds the benefit derived from the audit test.

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Definitions:

Degenerative Changes

The process involving the gradual deterioration of the structure or function of tissues, organs, or the entire organism, often associated with aging.

Age Validation

The process or method used to confirm or determine an individual's age or the age of objects or samples.

Age Discrimination

Unfair treatment or prejudicial attitudes towards individuals or groups based on their age, particularly in the context of employment and workplace.

Fluid Pressure

The pressure exerted by a fluid at any given point within the fluid, dependent on the depth and density of the fluid.