Management often uses internal controls in the inventory process
A) Because the inventory process is highly susceptible to fraud.
B) Because this makes evidence gathering easier for the auditor.
C) Due to the large number of transactions in the process.
D) This statement is not true.Management does not use internal controls in the inventory process.
Correct Answer:
Verified
Q88: At the end of the audit,the auditor
Q89: An inventory balance is immaterial when
A)knowing the
Q90: If the auditor selects the sample of
Q91: How does the auditor gather evidence during
Q92: The auditor should plan the audit of
Q94: The auditor uses substantive tests of balances
Q95: If the auditor reviews the lower of
Q96: The applicable financial reporting framework allows the
Q97: If the auditor selects the sample of
Q98: After the auditor has completed the substantive
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