An auditor manually calculates accumulated depreciation on a delivery van and compares her calculation with accounting records.This is an example collecting audit evidence by
A) confirmation.
B) reperformance.
C) vouching.
D) analytical review.

Question

Quizplus · Accepted Answer

The auditor is manually calculating accumulated depreciation on a delivery van and then comparing it with accounting records. This process involves reperforming a calculation that was already performed by the client's accounting department. The main objective here is to ensure that the depreciation has been accurately recorded in the financial statements. Hence, the best option is reperformance.

An Auditor Manually Calculates Accumulated Depreciation on a Delivery Van