An auditor analyses repairs and maintenance accounts primarily to obtain evidence that:
A) expenditures for property, plant and equipment have been recorded in the proper period.
B) non-capitalisable expenditures for repairs and maintenance have been recorded in the proper period.
C) expenditures for property, plant and equipment have not been charged to expenses.
D) non-capitalisable expenditures for repairs and maintenance have been properly charged to expenses.

Question

Quizplus · Accepted Answer

The auditor analyzes repairs and maintenance accounts to ensure that expenditures for property, plant, and equipment have not been incorrectly charged to expenses, which would understate assets and overstate expenses.

An Auditor Analyses Repairs and Maintenance Accounts Primarily to Obtain