Martinez CA Was Auditing His Client,Marvelous Retail Limited

question 24

Multiple Choice

Martinez CA was auditing his client,Marvelous Retail Limited.He selected a sample of inventory items from the perpetual records and vouched all additions to receiving reports.This procedure was intended to satisfy which control objective?

• A)Authorization.
• B)Completeness.
• C)Validity.
• D)Accuracy.

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Definitions:

Memory Skills

Techniques and methods used to improve the ability to retain and recall information.

Mnemonic Devices

Tools that help people remember information through patterns of letters, ideas, or associations.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Clarify Concepts

The process of making ideas, subjects, or situations clearer and more comprehensible.