Which of the following types of industry-specific inventory would an auditor ordinarily not require the assistance...

Which of the following types of industry-specific inventory would an auditor ordinarily not require the assistance of a specialist?

Select one:

a. Raw materials such as sapphires used in the manufacturing processes of precious jewelry.

b. Raw materials such as meat that are weighed on a scale before being processed.

c. Raw materials such as lumber that are ordinarily stored outdoor.

d. Raw materials such as steel pylons in calculating the percentage of completion of a complex construction project.

Solutions

Expert Solution

Your required answer is option B i.e. Raw materials such as meat that are weighed on a scale before being processed

Explanation :

Auditors generally do not require any specialist in case of raw material of meat that are weighted on a scale before being processed.

Sapphires and steel pylons are something which is very crucial item for a company and require specialist for it's calculation and at the same time lumber kept outside is also difficult to measure that weather that is good quality or has been thermited.

I hope this clear your doubt.

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ekkarill92 answered 1 year ago

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