The auditor's main concerns in verifying transfers of inventory do not include whether:
A) recorded transfers exist.
B) transfers represent appropriate uses of company resources.
C) all actual transfers are recorded.
D) the details of the transfer are accurately recorded.

Question

Quizplus · Accepted Answer

The auditor's main concerns in verifying transfers of inventory are focused on ensuring that recorded transfers actually exist and that the details of the transfers are accurately recorded. The auditor is not primarily concerned with whether transfers represent appropriate uses of company resources, as that falls more within the realm of management and operations.

The Auditor's Main Concerns in Verifying Transfers of Inventory Do