The auditor ________ to test the accuracy or classification of fixed assets recorded in prior periods.
A) never needs
B) is required
C) normally needs
D) normally does not need

Question

Quizplus · Accepted Answer

Auditors normally do not need to test the accuracy or classification of fixed assets recorded in prior periods unless there is a specific reason to do so, such as a significant related transaction in the current period or concerns about prior period errors.

The Auditor ________ to Test the Accuracy or Classification of Fixed