The auditor is determining which specific inventory items should be selected for pricing tests.The auditor has selected a representative sample,and those items that have a large dollar amount.In addition,the auditor should select those items that
A)are prone to breakage or theft.
B)have wide fluctuations in price.
C)are stored in multiple locations.
D)are likely to have been miscounted during the inventory count.

Question

Quizplus · Accepted Answer

Items with wide fluctuations in price are important to test for pricing accuracy, as they may have been recorded incorrectly due to frequent price changes.

The Auditor Is Determining Which Specific Inventory Items Should Be