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Motor Vehicle Verification Instructions You will perform an exercise to consider how individual management assertions might relate to the significant account, PPE for ABC Company.

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Motor Vehicle Verification Instructions You will perform an exercise to consider how individual management assertions might relate to the significant account, PPE for ABC Company. This exercise is intended to illustrate the assertions as they would impact ABC Company. For this exercise, imagine you have been given the Vehicle Register for ABC Company as prepared by the PPE Manager, which is a detailed listing of all of the vehicles ABC Company owns. This Vehicles Register contains a few errors. If these errors are not identified, it will result in inaccurate information being included in the financial statements. You will be reviewing the Vehicles Register (PM_01_Vehicles Register) and identifying as many errors as you can. For the purposes of this exercise, assume there are no errors related to the Accumulated Depreciation of the vehicles. To perform the exercise, you will also need the PM_02_Phyiscally Verified Vehicles. (on Excel Spreadsheet) This document contains the actual physically verified details of each of ABC Company's current vehicles. The details were verified by a fellow engagement team member. Compare the information from PM_02_Physically Verified Vehicles to PM_01_Vehicles Register to identify any errors and inconsistencies between the two documents. Use WP EX_01_Vehicle Errors (on Excel Spreadsheet) to document your individual responses

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