Which of the Following Would Generally Not Be a Component

question 33

Multiple Choice

Which of the following would generally not be a component of the audit of the acquisition and payment cycle?

• A) adequacy of controls over acquisitions of long-lived assets
• B) tracing disposals of long-lived assets to the fixed asset master file
• C) determining the adequacy of the funds available for capital expenditures
• D) reperformance of recorded depreciation expense

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