A tour of the client's facilities can help the auditor assess physical safeguards over assets and interpret accounting data related to assets such as factory equipment.

Question

Quizplus · Accepted Answer

A tour of the client's facilities can provide the auditor with an opportunity to observe physical safeguards in place to protect assets, such as security measures or access controls. Additionally, observing the client's equipment and infrastructure can help the auditor interpret accounting data related to depreciation, maintenance, and other expenses related to assets.

A Tour of the Client's Facilities Can Help the Auditor