The auditor would be most likely to request a schedule of repairs and maintenance expense to test the existence of long-lived assets.

Question

Quizplus · Accepted Answer

The auditor would request a schedule of additions to property, plant, and equipment to test the existence of long-lived assets. Repairs and maintenance expenses are considered operating expenses and do not typically affect the existence of long-lived assets.

The Auditor Would Be Most Likely to Request a Schedule