Analytical Procedures Are Not Widely Used in the Audit of Property

question 19

Multiple Choice

Analytical procedures are not widely used in the audit of property, plant and equipment. Which of the following is not a valid comment about the use of analytical procedures in the audit of PPE?

• A) compare the annual depreciation charge with the cost of an asset to approximate the depreciation rate.
• B) a substantial asset balance variation can be caused by one or a few transactions of which the auditor is likely to already be aware.
• C) comparison of repairs expense with prior years may indicate capitalisation in error.
• D) none of the above is invalid

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Spiritual Organizational Culture

A culture within an organization that prioritizes and integrates employees' spiritual values and practices in the workplace.

Meaningful Purpose

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Ethics And Social Responsibility

The principles of moral conduct and obligations that a business or individual should consider in their practices and decision-making to benefit society.

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The aspects of an organization's culture that can be seen or experienced directly, such as rituals, dress codes, behaviors, and physical setup.