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Case - substantive audit procedures

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Case - Substantive audit procedures

Saleem & Company are a firm of independent auditors that are currently auditing the financial statements of Madac Construction LLC, for the year ended 31stDecember 2019. Madac's financial statements reflect a substantial amount of mobile construction equipment used in the firm's constructions operations. The equipment is accounted for in a subsidiary ledger. The auditor has developed an understanding of internal control system of Madac and set the control risk at a moderate level.

Required - Identify the substantive audit procedures the auditor should use in examining mobile construction equipment and related depreciation in Madac's financial statements.

Reference no: EM132525674

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