The key issues in auditing property, plant, and equipment are ensuring that the property,
plant, and equipment actually exist, are owned, and are properly valued with adequate
provision for depreciation.

Question

Quizplus · Accepted Answer

Auditing property, plant, and equipment involves verifying the existence, ownership, and proper valuation of these assets, which are key issues to ensure their accuracy and completeness in financial statements. Therefore, the statement is true.

The Key Issues in Auditing Property, Plant, and Equipment Are