The auditors objective was to verify that all inventory was reflected in the ending inventory...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The auditors objective was to verify that all inventory was reflected in the ending inventory balance. Which of the following would provide the most reliable evidence in support of this assertion and account? Group of answer choices Recalculation of the extensions and sums in the final inventory listing Confirmation of consignment inventory with consignees Analytical procedures comparing last years balance to the current year Scanning the final inventory listing for unusual items or balances
The auditors objective was to verify that all inventory was reflected in the ending inventory balance. Which of the following would provide the most reliable evidence in support of this assertion and account?
Group of answer choices
Recalculation of the extensions and sums in the final inventory listing
Confirmation of consignment inventory with consignees
Analytical procedures comparing last years balance to the current year
Scanning the final inventory listing for unusual items or balances
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.