Question

During the inventory count an auditor selects items and determines that the proper description and quantity were recorded by the client. This procedure is most closely related to:

Answer 1

The procedure of selecting items during an inventory count and verifying that the proper description and quantity were recorded by the client is most closely related to auditing.

Step-by-step explanation:

The procedure of selecting items during an inventory count and verifying that the proper description and quantity were recorded by the client is most closely related to auditing. This process is part of the auditor's responsibility to ensure the accuracy and completeness of the client's inventory records.

For example, during the inventory count, the auditor may select a sample of items and compare their descriptions and quantities to what is recorded in the client's inventory records. This helps the auditor determine if there are any discrepancies or errors in the recorded information.

Overall, the procedure of selecting items and verifying their description and quantity is an important step in the audit process to ensure the reliability of the client's inventory records.