When Reviewing Accumulated Depreciation, the Auditor Seeks Evidence as to the Reasonableness

question 29

Multiple Choice

When reviewing accumulated depreciation, the auditor seeks evidence as to the reasonableness, consistency and accuracy of depreciation charges. The substantive procedurperformed seek to provide evidence for which assertion?

• A) valuation.
• B) completeness.
• C) rights and obligations.
• D) presentation and disclosure.

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Definitions:

Require Adaptation

The necessity for adjustments or changes in behavior, processes, or structures in response to new conditions or environments.

Life Events

Major events in a person’s life that require change or adaptation.

Unpleasant

Causing discomfort, distress, or aversion; the opposite of pleasant.

Stressful Occupations

Jobs or professions that impose high levels of stress due to factors like tight deadlines, high responsibility, danger, or the need for long hours.