Solution-Describe two ways that the auditors obtain evidence

Describe two ways that the auditors obtain evidence

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Reference no: EM132972250

Question - Please advise and provide examples

Plant and equipment are not as inherently risky as are other assets, such as inventories and accounts receivable. However, a company should still endeavor to maintain effective internal control over plant and equipment.

Address the following:

Describe the principal purpose of internal controls relating to plant and equipment.

List and describe four major controls applicable to plant and equipment.

Describe two ways that the auditors obtain evidence that there are no significant amounts of unrecorded retirements of property (land).

Describe three ways that the auditors obtain evidence that there are no significant amounts of unrecorded retirements of equipment.

Reference no: EM132972250

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Describe two ways that the auditors obtain evidence

Reference no: EM132972250

Reference no: EM132972250

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