When auditing PP&E,the auditor's approach is generally to
A)Examine evidence supporting the amounts in the ending balance.
B)Examine evidence supporting additions during the year.
C)Follow a reliance strategy,testing internal controls and analytical procedures.
D)Concentrate on finding unrecorded assets.

Question

Quizplus · Accepted Answer

Auditors typically focus on examining evidence supporting additions during the year to ensure that all capital expenditures are properly recorded and that the PP&E balance is accurate.

When Auditing PP&E,the Auditor's Approach Is Generally to