If an Auditor Were Concerned with Obtaining Evidence About the Appropriateness

question 102

Multiple Choice

If an auditor were concerned with obtaining evidence about the appropriateness of the value of inventory, which of the following tests would be most appropriate?

• A) compilation tests
• B) price tests
• C) confirmation of inventory held by outside parties
• D) physical examination of the inventory

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Definitions:

Task Concept

The understanding or model a person has about a specific task, including its goals, procedures, and outcomes.

Task Schema

A cognitive framework that helps organize and interpret information related to the specifics of performing a task or solving a problem.

Task Model

A conceptual or computational representation of the steps, processes, or actions involved in completing a specific task or objective.

Choice Reaction Time

The time it takes for an individual to respond to a stimulus when multiple responses are possible, indicating the speed of decision-making.