In Testing Plant and Equipment Balances, an Auditor May Inspect

question 16

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 assertion(s) about

• A) Presentation and disclosure.
• B) Existence or occurrence.
• C) Both (1) presentation and disclosure and (2) existence and occurrence.
• D) Neither (1) presentation and disclosure nor (2) existence and occurrence.

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Definitions:

Parallel Printer

A type of printer that connects to a computer using a parallel port, employing a multiple-wire communication method, now largely replaced by USB and network connections.

Print Server

A device or software that manages print requests within a network, directing print jobs from computers to the appropriate printers.

Faulty Inverter

Refers to a malfunctioning device that converts direct current (DC) into alternating current (AC), potentially leading to power loss or instability in devices relying on it.

Power Brick

An external power supply unit that converts electrical power from a wall outlet to the proper voltage and current to operate a device.