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Property plant and equipment accounts

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For some businesses, the Property Plant and Equipment accounts make up a large chunk of assets on the balance sheet. One way an auditor conducts a risk assessment of key accounts is considering what could go wrong within that account(s) that may lead to a material misstatement. What are some examples of what could go wrong in the PPE and related accounts that would indicate a risk of material misstatements?

Reference no: EM133198351

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