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In Performing a Search for Unrecorded Retirements of Fixed Assets

Question 50

Multiple Choice

In performing a search for unrecorded retirements of fixed assets, an auditor most likely would


A) Inspect the property ledger and the insurance and tax records and then tour the entity's facilities.
B) Tour the entity's facilities and then inspect the property records and the insurance and tax records.
C) Analyze the repair and maintenance account and then tour the entity's facilities.
D) Tour the entity's facilities and then analyze the repair and maintenance account.

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