Ordinarily, if you are auditing a continuing client, it is unnecessary to test the accuracy objective or the classification objective for fixed assets acquired in prior years.

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This is because the accuracy and classification objectives would have been tested in prior audits and the auditor can rely on the previous year's work. However, if there are indications of material misstatements or changes in accounting policies, the auditor may need to retest these objectives for prior year acquisitions.

Ordinarily, If You Are Auditing a Continuing Client, It Is