An auditor examines documents related to the acquisition and disposal of a firm's delivery van and manually calculates accumulated depreciation for comparison with accounting records.This is an example collecting audit evidence by
A)confirmation.
B)reperformance.
C)vouching.
D)analytical review.

Question

Quizplus · Accepted Answer

The auditor manually calculating accumulated depreciation is an example of reperformance, which involves the auditor independently repeating procedures or calculations that were originally performed by the client. This is done to ensure that the client's figures are accurate and reliable.

An Auditor Examines Documents Related to the Acquisition and Disposal