When auditing a client’s property, plant, and equipment transactions, which of the following tests of details can be used to support the existence and occurrence assertion?
The following questions concern internal controls and tests for property, plant, and equipment. Choose the best response. a. An audit firm performs a preliminary review of the client’s internal controls over its property, plant, and equipment cycle. Which of the following would represent a weakness in internal control? (1) The purchasing department generates a special […]