In auditing the current year acquisitions of property, plant, and equipment, all balance-related audit objectives except realizable value and disclosure are used as a framework for subsequent audit testing.

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This statement is true. All balance-related audit objectives except for realizable value and disclosure are used as a framework for subsequent audit testing when auditing the current year acquisitions of property, plant, and equipment. Realizable value is not applicable to property, plant, and equipment because they are not typically sold, and disclosure is a separate objective that focuses on the adequacy and completeness of the financial statement disclosures related to the property, plant, and equipment accounts.

In Auditing the Current Year Acquisitions of Property, Plant, and Equipment