Question: 2 . If at the client, there is inadequate separation of the custody over inventory and the accounting for inventory transactions, the auditor a .

2. If at the client, there is inadequate separation of the custody over inventory and the accounting for inventory transactions, the auditor
a. Should select a sample of credit entries to inventory but should not use monetary unit sampling (MUS) to select the sample
b. Should select a sample of credit entries to inventory and could use MUS to select the sample.
c. Should select a sample of debit entries to inventory but should not use monetary unit sampling (MUS) to select the sample
d. Should select a sample of debit entries to inventory and could use MUS to select the sample.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!