For internal control, unit counts used to compute the inventory should be verified by thorough spot checks.

Name: For internal control, unit counts used to compute the inventory should be verified by thorough spot checks.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Thorough spot checks help to verify the accuracy of inventory counts, which is an important part of internal control. This ensures that the recorded inventory reflects the actual physical inventory and helps prevent errors and fraud.

For Internal Control, Unit Counts Used to Compute the Inventory