A client maintains perpetual inventory records in both quantities and dollars. If the level of control risk were set at high, an auditor would probably

Ibrahimhamm

Save to bookmark

2022-06-30

141

A client maintains perpetual inventory records in both quantities and dollars. If the level of control risk were set at high, an auditor would probably.

insist that the client perform physical counts of inventory items several times during the year.
apply gross profit tests to ascertain the reasonableness of the physical counts
increase the extent of tests of controls of the inventory system.
request that the client schedule the physical inventory count at the end of the year

Accounting, textbook solutions, MCQ Questions, Accounting textbook-solutions, Accounting MCQ-questions,

All Answers

Ibrahimhamm

2022-06-30

need an explanation for this answer? contact us directly to get an explanation for this answer

D. request that the client schedule the physical inventory count at the end of the year

need an explanation for this answer? contact us directly to get an explanation for this answer

total answers (1)

A client maintains perpetual inventory records in both quantities and dollars. If the level of control risk were set at high, an auditor would probably

All Answers

Similar questions

need a help?

find thousands of online teachers now