The reliability of perpetual inventory master files affects the timing and ________ of the auditor's physical examination of inventory.
A) cutoff
B) accuracy
C) nature
D) extent

Question

Quizplus · Accepted Answer

The reliability of perpetual inventory master files influences the extent of the auditor's physical examination of inventory, as more reliable files may require less extensive physical verification.

The Reliability of Perpetual Inventory Master Files Affects the Timing