Which of the following control activities would be most likely to assist in reducing the control risk
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Which of the following control activities would be most likely to assist in reducing the control risk related to the occurrence of manufacturing transactions?
a. Perpetual inventory records are independently compared with goods on hand.
b. Forms used for direct materials requisitions are prenumbered and accounted for.
c. Finished goods are stored in locked limited-access warehouses.
d. Subsidiary ledgers are periodically reconciled with inventory control accounts. P-963
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Auditing And Assurance Services A Systematic Approach
ISBN: 9780073337203
5th Edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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