An outside auditing firm annually supervises a physical count of the items in a retail store's shelf inventory. This is an example of:
A) authorizing events
B) executing events
C) recording events
D) safeguarding resources

Question

Quizplus · Accepted Answer

Safeguarding resources involves protecting a company's assets from loss, damage, or theft. An outside auditing firm supervising a physical count of inventory helps ensure the accuracy of the inventory records and prevents loss, thus safeguarding the company's resources.

An Outside Auditing Firm Annually Supervises a Physical Count of the Items