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Author Question: Which of the following audit procedures would be themostcorrect in determining the audit objective ... (Read 32 times)

nanna

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on: Aug 21, 2022

Question 1

Which of the following audit procedures would be least likely to lead the auditor to find an unrecorded fixed asset disposal?
◦ Examination of insurance policies
◦ Review of repairs and maintenance expense
◦ Review of property tax files
◦ Scanning of invoices for fixed asset additions

Question 2

Which of the following audit procedures would be the most correct in determining the audit objective of existence for the equipment account in the fixed asset master file?
◦ Examine vendor invoices and receiving reports.
◦ Review transactions near the balance sheet date.
◦ Recalculate vendor invoices.
◦ Examine vendor invoices for correct accounting treatment.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by nanna on Aug 21, 2022

xinyiff

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nanna

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

yeungji

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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