By Selecting a Sample of Additions to Property, Plant, and Equipment

question 65

Multiple Choice

By selecting a sample of additions to property, plant, and equipment and then examining the related vendor invoices, the auditor is testing which of the following assertions for property, plant, and equipment?

• A)Occurrence.
• B)Completeness.
• C)Cutoff.
• D)Classification.

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Definitions:

Red-Tape Bureaucrat

A term for officials or administrators who strictly adhere to rules and formalities, often causing delays or inefficiency.

Unethical

Behavior that goes against moral principles and does not adhere to accepted standards of conduct.

Person-Versus-Person Conflict

Conflict that involves two people who are at odds over personality differences, values conflicts, loyalties, or any number of issues.

Envious Person

An individual who experiences a feeling of discontented or resentful longing aroused by someone else's possessions, qualities, or luck.