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:

Social Identity Threat

The discomfort one feels when their group identity is perceived to be devalued or threatened.

Acting White

A term used to describe a situation where individuals of non-white ethnicity are perceived to adopt the cultural traits or behaviors typical of white Americans.

Prejudice

Preconceived opinion that is not based on reason or actual experience, often manifested by discriminatory behavior.

Confront

To face in hostility or defiance; to oppose or challenge someone or something directly.