Final answer:
The Internal Auditor is typically tasked with verifying physical inventory procedures every six months, ensuring accuracy and adherence to company policies and accounting standards. Therefore, the correct option is B.
Step-by-step explanation:
The individual responsible for verifying and overseeing physical inventory procedures every six months is typically the Internal Auditor. The role of the Internal Auditor includes monitoring and assessing the effectiveness of a company's internal controls, including those over inventory management. The Internal Auditor ensures that the physical inventory count is conducted in a manner that is accurate and consistent with the company's policies and generally accepted accounting principles.
The CFO, COO, and CIO have their respective roles within a company but are generally not directly responsible for the detailed verification of inventory procedures, although the CFO might oversee the overall process including financial reporting and controls. Instead, the onus of verifying inventory counts and procedures rests with the Internal Auditor, who provides an independent assessment to management and the board of directors.