You are the in-charge auditor for a company who has been an audit client for several years.Which of the following is not a category of tests commonly associated with the audit of manufacturing equipment?
A)Verification of depreciation expense
B)Analytical procedures
C)Verification of current-period disposals
D)Verification of the beginning balance in the equipment account

Question

Quizplus · Accepted Answer

Verification of the beginning balance in the equipment account is not typically a category of tests for current-year audits, as it relates to prior periods and is usually verified in the first year of the audit.

You Are the In-Charge Auditor for a Company Who Has