The auditor is least likely to discover unrecorded retirements of property, plant and equipment assets by: A) analysing the miscellaneous revenue account. B) investigating the disposition of facilities associated with discontinued product lines. C) selecting retirement work orders from the accounting records and verifying their accuracy. D) reviewing insurance policies for termination or reductions of coverage.

Question

Quizplus · Accepted Answer

Selecting retirement work orders from the accounting records and verifying their accuracy is a method that would likely identify recorded retirements, not unrecorded ones.

The Auditor Is least Likely to Discover Unrecorded Retirements of Property