Page 89 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 89 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية2-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 acquisitions2) Verify current year disposals3) Verify the ending balance in the asset account