The Auditor's Strategy in Performing Test Counts During the Inventory

question 6

Multiple Choice

The auditor's strategy in performing test counts during the inventory observation is to:

• A) test all large-dollar items.
• B) randomly select all test items.
• C) concentrate tests on high dollar items with random selection of other items.
• D) concentrate tests in areas where employees seem to be disregarding the inventory instructions.

---

Definitions:

Dissociative Fugue

A state in which someone leaves home, then, days or months later, suddenly realizes he is in a strange place and doesn’t know how he got there; often understood as a means of coping with (and escaping from) extremely painful events.

Mood Disorder

A psychological disorder characterized by the elevation or lowering of a person's mood, such as depression or bipolar disorder.

Major Depression

Major depression is a mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, significantly affecting daily functioning.

Generalized Anxiety Disorder

A mental health condition characterized by excessive, unrealistic worry and tension, even if there is little or nothing to provoke the anxiety.