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Exam IIA-CIA-Part2 topic 5 question 254 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 254
Topic #: 5
[All IIA-CIA-Part2 Questions]

Which of the following will most likely support the completeness criterion of a stock sample that is to be included in an inventory account?

  • A. Periodic reviews of the inventory’s obsolescence.
  • B. Shipment advices received by the accounting department.
  • C. An inventory count undertaken by warehouse personnel.
  • D. The inclusion of overhead costs in the inventory’s value.
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Suggested Answer: A 🗳️
by emtofid at Sept. 11, 2024, 6:46 p.m.

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emtofid
2 months, 1 week ago
Selected Answer: B
Shipment advices received by the accounting department help verify that all goods received (or shipped out) are accurately recorded
upvoted 1 times
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Elvoo
3 months ago
Selected Answer: C
A: While important for assessing the value of inventory, this does not directly support completeness.
upvoted 1 times
Elvoo
3 months ago
SORRY I MEANT B IS THE RIGHT ANSWER
upvoted 1 times
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