When the Auditor Selects a Sample of Inventory Items from the Perpetual

question 9

Multiple Choice

When the auditor selects a sample of inventory items from the perpetual inventory master file then searches out these items in the inventory warehouse,the auditor is collecting evidence to support which assertion?

• A)Presentation.
• B)Valuation.
• C)Completeness.
• D)Existence.

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Definitions:

Map Coordinate

A set of numbers that identifies the precise location of a point on a map, often represented in latitude and longitude.

Load

Load involves the amount of work, stress, or pressure applied on a system, structure, or individual, often assessed to manage capacity and performance.

Collection Point

A designated location where goods are gathered or aggregated from various sources, typically for further distribution or processing.

Load

The total demand for power or the amount of work assigned to a particular machine, system, or network over a specific period.