Analytical procedures used to audit plant assets often include calculation of :
A) return on common equity.
B) return on total assets.
C) interest bearing debt to total assets.
D) inventory turnover.
E) sustainable growth rate.

Question

Quizplus · Accepted Answer

Analytical procedures for auditing plant assets often involve calculating the return on total assets. This metric helps auditors assess how effectively a company is using its assets, including plant assets, to generate earnings.

Analytical Procedures Used to Audit Plant Assets Often Include Calculation