In connection with the client's physical count of inventory, adequate controls include:
A) proper instructions for the physical count and supervision by responsible personnel
B) adequate control over count sheets or tags.
C) independent internal verification including reconciliation of physical counts with perpetual inventory master files.
D) all of the above

Question

Quizplus · Accepted Answer

All of the above are adequate controls for the client's physical count of inventory. Proper instructions and supervision ensure accuracy and prevent errors or fraud. Adequate control over count sheets or tags helps to prevent loss or manipulation of inventory counts. Independent internal verification, including reconciling physical counts with perpetual inventory master files, can identify any discrepancies and help prevent errors or fraud.

In Connection with the Client's Physical Count of Inventory, Adequate