d. and count correctly using Excel b. Auditor check the certificate in order to check whether land in the statement of financia position do indeed belong to the company c. Restricted cash that are used for pay upcoming loan due must be disclosed in the notes to financial statement d. Auditor go to far island and found that client plantation in there is real. e. The inventory purchases transaction really occur and the purchase order is cross checked f. The company depreciated machinery using the double declining balance method and auditor has calculate the depreciation expense, no material different found. g. Auditor examine the inventory purchase agreement between client and supplier in order to distinguuich Invontorios that bouaht concianment from cupplier are not included
d. and count correctly using Excel b. Auditor check the certificate in order to check whether land in the statement of financia position do indeed belong to the company c. Restricted cash that are used for pay upcoming loan due must be disclosed in the notes to financial statement d. Auditor go to far island and found that client plantation in there is real. e. The inventory purchases transaction really occur and the purchase order is cross checked f. The company depreciated machinery using the double declining balance method and auditor has calculate the depreciation expense, no material different found. g. Auditor examine the inventory purchase agreement between client and supplier in order to distinguuich Invontorios that bouaht concianment from cupplier are not included
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity
Section: Chapter Questions
Problem 16RQSC
Related questions
Question
For each point a) to j) below here, please indicate the correct assertion being tested, type of
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning