Which of the following control activities would be most likely to assist in reducing the control risk

Question:

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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing And Assurance Services A Systematic Approach

ISBN: 9780073337203

5th Edition

Authors: William Messier, Steven Glover, Douglas Prawitt

Question Posted: