The key issuin auditing property, plant, and equipment are ensuring that the property, plant, and equipment actually exist, are owned, and are properly valued with adequate provision for depreciation.

Question

Quizplus · Accepted Answer

Auditing property, plant, and equipment involves ensuring that these assets exist, are owned by the company, and are correctly valued and depreciated. Therefore, the statement in the question is true.

The Key Issuin Auditing Property, Plant, and Equipment Are Ensuring