The subject of the auditing procedure 'observation' is least likely to be:
A)procedures.
B)inventory taking.
C)physical assets.
D)processes.

Question

Quizplus · Accepted Answer

Observation is an auditing procedure that involves watching a process or activity being performed. It is least likely to be used to audit physical assets, as these can be more easily verified through other means, such as inspection or counting.

The Subject of the Auditing Procedure 'Observation' Is Least Likely