An Auditor Analyzes Repairs and Maintenance Accounts Primarily to Obtain

question 55

Multiple Choice

An auditor analyzes repairs and maintenance accounts primarily to obtain evidence in support of the audit assertion that all:

• A)non-capitalizable expenditures for repairs and maintenance have been recorded in the proper period.
• B)expenditures for property and equipment have been recorded in the proper period.
• C)non-capitalizable expenditures for repairs and maintenance have been properly charged to expense.
• D)expenditures for property and equipment have not been charged to expenses.

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Definitions:

Targeted

Focused or directed at a specific object, issue, or individual, often with the intent of achieving a particular goal or addressing a specific concern.

Chronological

Pertaining to the sequence in which events or records occur, typically ordered from the earliest to the latest.

Functional

Designed to be practical and useful, often referring to the way things work or operate efficiently.

Academic

Related to education, schools, universities, and scholarly activities.