Page 87 - Auditinf Electronic System

2-For property plant and equipment:
Auditors verify equipment differently from current asset accounts for three reasons:
1. There are usually fewer acquisitions of equipment, especially large equipment

used in manufacturing.
2. The amount of any given acquisition is often material.
3. The equipment is likely to be kept and maintained in the accounting records for

several years

In the audit of equipment and related accounts, it is helpful to separate the tests
into the following categories:

1) Verify current year acquisitions
2) Verify current year disposals
3) Verify the ending balance in the asset account

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‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬