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Auditing procedures: 1) As an auditor, how would you verify adequacy of accumulated depreciation? 2) A client found that land and buildings have been revalued
Auditing procedures: 1) As an auditor, how would you verify adequacy of accumulated depreciation? 2) A client found that land and buildings have been revalued during the year. What procedures would an auditor perform to verify the revaluation? 3) When auditing for many years, should auditors use the same audit procedures every year? Why or why not? 4) How can an auditor introduce unpredictability in his audit procedure? 5) Auditing procedures generate evidence for the auditor. Compare and contrast the evidence generated by the following seven types of auditing procedures: Inquiry, Observations, Examination of documentation, Confirmation, Physical examination, Reperformance, Analytical procedures, and Recalculation.
1) As an auditor, how would you verify adequacy of accumulated depreciation?
2) A client found that land and buildings have been revalued during the year. What procedures would an auditor perform to verify the revaluation?
3) When auditing for many years, should auditors use the same audit procedures every year? Why or why not?
4) How can an auditor introduce unpredictability in his audit procedure?
5) Auditing procedures generate evidence for the auditor. Compare and contrast the evidence generated by the following seven types of auditing procedures: Inquiry, Observations, Examination of documentation, Confirmation, Physical examination, Reperformance, Analytical procedures, and Recalculation.
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