Question
1. If an auditor tours a production facility, which of the misstatements of questionable practices is least likely to be detected by the audit procedure
1. If an auditor tours a production facility, which of the misstatements of questionable practices is least likely to be detected by the audit procedure specified?
a.Depreciation expense on fully depreciated machinery has been recognized
b. Overhead has been overapplied
c. Necessary Facility maintenance has not been performed
d. Insurance coverage on the facility has lapsed.
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
