Which of the following tests are typically not necessary when auditing a client's schedule of recorded disposals?
A)Footing the schedule
B)Tracing schedule totals to the general ledger
C)Tracing cost and accumulated depreciation of the disposals to the property master file
D)All of the above are necessary.

Question

Quizplus · Accepted Answer

All of the listed tests are necessary to ensure the accuracy and completeness of the client's schedule of recorded disposals. Footing the schedule checks arithmetic accuracy, tracing totals to the general ledger ensures consistency, and tracing cost and accumulated depreciation verifies the accuracy of disposals recorded in the property master file.

Which of the Following Tests Are Typically Not Necessary When