menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing A Risk Based Approach
  4. Exam
    Exam 12: Auditing Long-Lived Assets: Acquisition, Use, Impairment, and Disposal
  5. Question
    It Is Not Important for an Organization to Have Controls
Solved

It Is Not Important for an Organization to Have Controls

Question 76

Question 76

True/False

It is not important for an organization to have controls to track the location,quantity,condition,maintenance,and depreciation status of long-lived assets because the auditor gathers evidence related to these issues.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q71: Which of the following is a true

Q72: Which of the following is not an

Q73: Which is the primary assertion tested in

Q74: Which of the following models is associated

Q75: Much of the inherent risk related to

Q77: An inherent risk related to long-lived assets

Q78: In the audit approach for assessing fair

Q79: When the value of a long-lived asset

Q80: Repairs and maintenance Assume that an auditor

Q81: If the auditor is performing substantive procedure

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines