When conducting fieldwork for a physical inventory,an auditor is least likely to perform which of the following steps using a generalized audit software package? A)Observing inventory. B)Selecting sample items of inventory. C)Analyzing data resulting from inventory. D)Recalculating balances in inventory reports.

Question

Quizplus · Accepted Answer

Observing inventory involves physically being present and visually inspecting the items, which cannot be performed using a software package. All other options (B, C, and D) can be performed using a generalized audit software package.

When Conducting Fieldwork for a Physical Inventory,an Auditor Is least