Assignment 5: Audit Procedures for Property, Plant, and Equipment
In this assignment, you will prepare a two to three (2-3) page professional document that fully addresses the requirements specified in the case. Include at least two (2) current references to scholarly and/or authoritative sources.
Specifically you will need to:
- Explain the audit procedures for acquisition and disposal of property, plant, and equipment related to the occurrence, accuracy, and completion assertions.
- Using examples, explain and demonstrate how auditing the disposal of property, plant, and equipment provides evidence of depreciation expense.
- Form conclusions about a selected sample of acquisitions of property, plant, and equipment.
- Use at least two (2) current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not qualify as quality scholarly and/or authoritative sources. Use the Strayer University Library to conduct your research.
- Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or SWS format. Check with your professor for any additional instructions.
- Include a cover page containing the assignment title, the student’s name, the professor’s name, the course title, and the date. The cover and reference pages are not included in the required page assignment page length.
- Develop conclusions about acquisitions by a given client using audit procedures related to occurrence, accuracy, and completion
