The benefit of a cross sectional analysis of inventory across multiple stores includes
A)Auditor identification of locations for detailed testing of inventory.
B)Auditor detail as to specific units by month.
C)Auditor conclusions regarding the fair presentation of obsolescence.
D)Auditor evidence of physical existence.

Question

Quizplus · Accepted Answer

Cross sectional analysis of inventory across multiple stores allows auditors to identify locations for detailed testing of inventory. This helps auditors to focus their efforts on high-risk locations and ensure that the inventory is accurately recorded and reported.

The Benefit of a Cross Sectional Analysis of Inventory Across