In testing plant and equipment balances, an auditor examines new additions listed on an analysis of plant and equipment. This procedure most likely obtains evidence concerning management's assertion of

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When examining new additions listed on an analysis of plant and equipment, the auditor is obtaining evidence concerning management's assertion of occurrence, i.e., whether the additions actually exist and were acquired by the company during the period under review. Completeness would be tested by examining whether all existing plant and equipment has been included in the analysis, classification would be tested by examining whether items are appropriately categorized according to their useful lives and depreciation methods, and accuracy would be tested through verification of the dollar amounts associated with each item.

In Testing Plant and Equipment Balances, an Auditor Examines New