Which of the Following Is Not a Technique That Auditors

question 74

Multiple Choice

Which of the following is not a technique that auditors can use when performing preliminary analytical procedures related to long-lived assets?

• A) Perform an overall estimate of depreciation expense.
• B) Review and analyze gains/losses on disposals of equipment.
• C) Compare depreciable lives used by the client for various asset categories with those of the industry.
• D) All the above are techniques that auditors can use.

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Definitions:

Smart Watches

Wearable devices that offer a range of functionalities beyond timekeeping, including health tracking and notifications.

Social Media

Websites and platforms that allow users to generate and distribute content or engage in social networking activities.

Grant Proposal

A written request for funding, typically submitted to institutions or organizations by individuals or groups seeking to undertake projects or research.

Nonprofit Organization

An entity that operates for a charitable, educational, or social purpose rather than for the profit of private owners or shareholders.