Multiple Choice
Which is not one of the tests that would be used in the audit of equipment, depreciation expense, and accumulated depreciation?
A) Verify the ending balance in the asset account.
B) Send confirmations to the sales personnel who sold the equipment to the company.
C) Perform substantive analytical procedures.
D) Verify current year acquisitions.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Discuss the key internal controls for prepaid
Q30: Which type of audit procedure would normally
Q31: One very useful method of auditing depreciation
Q32: In testing acquisitions the auditor needs to
Q33: Which of the following would generally not
Q35: If management hires a specialist to estimate
Q36: Recording an acquisition of a fixed asset
Q37: Auditors verify the accruals before they verify
Q38: What are several substantive analytical procedures used
Q39: Depreciation expense results from the allocation of