The audit evidence gathering technique known as computation or recalculation refers to:
A)Sending letters to independent third parties.
B)Counting inventory.
C)Recalculating depreciation.
D)Checking prices as per the price list.

Question

Quizplus · Accepted Answer

Recalculation involves verifying the mathematical accuracy of documents or records, such as recalculating depreciation to ensure it has been computed correctly.

The Audit Evidence Gathering Technique Known as Computation or Recalculation