It is acceptable practice for CPA firms to use drones to evaluate inventories and other assets such as mineral deposits during audits.

Question

Quizplus · Accepted Answer

Yes, it is acceptable practice for CPA firms to use drones in evaluating inventories and other assets during audits, as long as the use of drones complies with regulations and professional standards set by the appropriate governing bodies. Drones can provide an efficient and accurate way to gather data and information, which can help auditors in assessing the accuracy and completeness of inventory counts and valuations, and in identifying potential risks or issues that may impact the financial statements.

It Is Acceptable Practice for CPA Firms to Use Drones