In Performing Audit Tests of the Client's Cost Accounting System

question 106

Multiple Choice

In performing audit tests of the client's cost accounting system, the auditor is primarily concerned with which of the following?

• A) System is functioning properly in providing costing and pricing information for management.
• B) Costs have been properly assigned to finished goods, work-in-process, and cost of goods sold.
• C) Inventory counts agree with the client's accounting records.
• D) The client's cost accounting system is designed on the basis on acceptable cost accounting systems.

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Definitions:

Emotional Labour

The effort to control feelings and outward emotional displays to adhere to a job's emotional expectations.

Affective Commitment

Commitment based on identification and involvement with an organization.

Job Outcomes

The results or achievements produced from one's work responsibilities and activities.

Job Satisfaction

The level of contentment employees feel about their job roles, responsibilities, and work environment.