The auditors are least likely to learn of retirements of equipment through which of the following? A)Review of the purchase returns and allowances account. B)Review of depreciation. C)Analysis of the debits to the accumulated depreciation account. D)Review of insurance policy riders.

Question

Quizplus · Accepted Answer

Review of the purchase returns and allowances account is least likely to inform auditors about retirements of equipment because this account primarily deals with returns and allowances related to purchases, not the disposal or retirement of fixed assets like equipment.

The Auditors Are least Likely to Learn of Retirements of Equipment