When fixed assets are acquired during the year under audit,auditors should inquire about the source of funds for financing the new asset.

Name: When fixed assets are acquired during the year under audit,auditors should inquire about the source of funds for financing the new asset.
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Auditors should inquire about the source of funds for financing the new asset to ensure that it was acquired properly and does not indicate any misstatements or fraudulent activities.

When Fixed Assets Are Acquired During the Year Under Audit,auditors