The auditor would be most likely to request a schedule of repairs and maintenance expense to satisfy the auditor about the completeness assertion for fixed assets.

Question

Quizplus · Accepted Answer

The completeness assertion for fixed assets refers to whether all fixed assets are recorded in the financial statements. A schedule of repairs and maintenance expense would provide the auditor with information about any repairs or maintenance done on fixed assets, which would help them ensure that all fixed assets are being accounted for properly in the financial statements. Therefore, it is likely that the auditor would request such a schedule to satisfy the completeness assertion for fixed assets.

The Auditor Would Be Most Likely to Request a Schedule