An analysis of fixed assets account has revealed possibility of unrecorded sale of plant and machinery. Which of the following audit procedures may be adopted to discover it?

Related MCQs

• The inventory consists of about one per cent of all assets. The client has imposed restriction on auditor to prohibit observation of stock take. The auditor cannot apply alternate audit procedures.
• In an audit of financial statements, substantive tests are audit procedures that __
• The auditor has noticed existence of recurring losses sale of fixed assets this indicates
• Analytical procedures issued in the planning stage of an audit, generally
• Analytical procedures are least likely to be use in the audit of –
• Which audit out of the following would not be regarded as one audit for the purposes of section 224(IB)?
• In case the auditor gives a disclaimer of opinion in the audit report which of the following paragraph(s) of a standard unqualified audit report are modified?
• …...the audit risks… the materiality and ……the audit effort
• For what minimum period should audit working papers be retained by audit firm?
• This kind of audit is conducted generally between two annual audit ______.