Which of the following audit procedures would be least likely to lead the auditor to find an unrecorded fixed asset disposal?
A) Examination of insurance policies
B) Review of repairs and maintenance expense
C) Review of property tax files
D) Scanning of invoices for fixed asset additions

Question

Quizplus · Accepted Answer

Review of repairs and maintenance expenses would typically not involve reviewing fixed asset disposals, as these expenses are related to the ongoing maintenance of fixed assets and not their disposal or sale. On the other hand, examination of insurance policies, review of property tax files, and scanning of invoices for fixed asset additions may lead the auditor to find evidence of fixed asset disposals.

Which of the Following Audit Procedures Would Be Least Likely