When Auditing Accrued Property Taxes

question 93

Multiple Choice

When auditing accrued property taxes,

• A) the auditors will generally only verify the larger payments since there are usually many property tax payments.
• B) property taxes should only be charged to one expense account.
• C) the auditor begins by obtaining a schedule of property tax payments from the client.
• D) the auditor must generally spend a considerable amount of time in this area.

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