The Audit Team Asks the Client to Pull a Sample

question 26

Multiple Choice

The audit team asks the client to pull a sample of vendor files and examines the invoices supporting the purchases of inventory items during the year.What is the most probable reason for the use of this evidence?

• A)Confirmation of vendors supplying inventory for existence.
• B)Analytical procedures to determine completeness of inventory.
• C)Testing for the valuation of inventory using the FIFO cost flow assumption.
• D)Reading the terms of the arrangements with vendors for disclosure.

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Definitions:

Risk Factors

Are characteristics or conditions that increase the likelihood of developing a disease or injury.

Parenting Styles

Methods or practices that parents use in raising their children, which can significantly influence children's behaviors and development.

Parent-Adolescent Conflict

Disagreements and disputes between parents and their teenage children, often arising from differing perspectives and independence.

Contextual Factors

Elements within the environment that can influence the behavior and attitudes of individuals or groups.