Question
Assume you have been hired to audit a manufacturing company. Discuss the relationship between the audit of property, plant, and equipment accounts and the audit
Assume you have been hired to audit a manufacturing company. Discuss the relationship between the audit of property, plant, and equipment accounts and the audit of repair and maintenance accounts. How would you organize the audit to take this relationship into account? In your response posts, discuss the differences between auditing a service company and a manufacturing company. What adjustments would your peers have to make to their audit planning if they were to audit a service company?
Please answer thoroughly and in your own words. Thank you!
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