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Explain the substantive tests for ppe additions and disposal

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Reference no: EM133004812

You are conducting the audit of newsport ltd for the year ended 30 june 2020 and are reviewing the audit working papers for property, plant & equipment (PPE) prepared by your audit assistant, bob wright. There were material discrepancies found in the testing of depreciation calculated and the PPE disposals and additions balance.

Required:

Problem 1: Explain the substantive tests for depreciation?

Problem 2: Explain the substantive tests for PPE additions and disposals?

Reference no: EM133004812

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