Internal controls that should be applied when a business takes a physical count of inventory should include all of the following except:
A) A manager confirms that all inventories are ticketed only once.
B) Counters of inventory should be those who are responsible for the inventory.
C) Counters confirm the validity of inventory existence, amounts, and quality.
D) Prenumbered inventory tickets.
E) Second counts by a different counter.

Question

Quizplus · Accepted Answer

Counters of inventory should not be those who are responsible for the inventory to ensure objectivity and prevent potential conflicts of interest or manipulation.

Internal Controls That Should Be Applied When a Business Takes