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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By examining new additions listed on an analysis of plant and equipment, the auditor is obtaining evidence about whether these assets actually exist and were acquired by the company, which refers to the occurrence assertion. This procedure does not necessarily provide evidence about completeness, classification, or accuracy.

In Testing Plant and Equipment Balances,an Auditor Examines New Additions