In performing a search for unrecorded retirements of fixed assets,an auditor most likely would

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In order to perform a search for unrecorded retirements of fixed assets, an auditor would first inspect the property ledger and insurance and tax records to identify fixed assets that were disposed of without being recorded. They would then tour the entity's facilities to physically verify that the disposed assets are no longer in use or have been replaced with other assets. Inspecting the property records and then touring the facility is the most logical flow of the search. Analyzing the repair and maintenance account is not an effective method of identifying unrecorded retirements of fixed assets.

In Performing a Search for Unrecorded Retirements of Fixed Assets,an