Q:

Which of the following control activities would be most likely to assist in reducing the control risk related to the occurrence of inventory transactions?

belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:13| Question number:13.26

Ibrahimhamm

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2022-06-30

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Which of the following control activities would be most likely to assist in reducing the control risk related to the occurrence of inventory transactions?

inventory manager does not have ability to record inventory transactions (b)summary of the receiving reports is independently compared to the inventory status report
inventory is periodically reviewed for slow-moving or obsolete items, which may require a write-down
subsidiary ledgers are periodically reconciled with inventory control accounts.

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Ibrahimhamm

2022-06-30

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A. inventory manager does not have ability to record inventory transactions

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