Author Question: Property, plant, and equipment is normally audited in a different manner than current asset ... (Read 9 times)

kms5229 · **on:** Aug 21, 2022

Question 1

In testing acquisitions, the auditor must understand the relevant accounting standards to insure the client adheres to accepted accounting practices for property, plant, and equipment. Describe three of the auditor's concerns in this area.

Question 2

Property, plant, and equipment is normally audited in a different manner than current asset accounts. State three reasons why this is so, and discuss the differences in how property, plant, and equipment is audited compared to current assets.

gwisel · **Reply #1 on:** Aug 21, 2022

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