In Testing Plant and Equipment Balances, an Auditor May Inspect

question 37

Multiple Choice

In testing plant and equipment balances, an auditor may inspect new additions listed on the analysis of plant and equipment. This procedure is designed to obtain evidence concerning management's assertions about classes of transactions and events and specifically, which assertion?

• A) Occurrence.
• B) Cut-off.
• C) Accuracy.
• D) Classification.

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Definitions:

Insert Image

The process of adding a graphical image to a document, presentation, or webpage.

Online Pictures

Digital images or photos that can be accessed and used via the internet, often through search functions within software applications.

Split Form

A type of form in database applications that combines a datasheet and a form view, allowing for simultaneous display and editing of data.

Datasheet View

A way of displaying data in a table format in database applications, allowing for editing and querying.