Question 9

A:

The types of assets, expenses, and liabilities associated with the acquisition and payment cycle will differ by company.

Group of answer choices

True

False

B:

You are the in-charge auditor for a company who has been an audit client for several years. Which of the following is not a category of tests commonly associated with the audit of manufacturing equipment?

Group of answer choices

verification of the beginning balance in the equipment account

verification of depreciation expense

verification of current-period disposals

analytical procedures