During a meeting with the senior management of GreenGrass Enterprises, LLC$,$ a distributor of lawn care and fertilizer products across

the country, a query has been raised by the external auditors pertaining to the client's use of double$-$declining balance method

depreciation. The auditors are attempting to confirm their understanding as to why the client uses this method. The documentation

and reasoning behind this choice of accounting method is most likely to be found

in the current year's audit file, and typically located in the risk assessment section under substantive tests of details.

in the internal audit function, as this function, per generally accepted auditing standards, maintains responsibility for

selection of appropriate accounting methods.

in the permanent audit file, which typically contains details of significant accounting methods used by the client.

in the minutes of the board of directors meeting, as this choice of depreciation method has to be voted on by senior

management at least once a year.