• Examine the authority for acquisition of plant by reading the minutes of the board.
• Check quotations made to ensure that the company's policy on acquisition was followed.
• Check the invoices, receipts and ensure that the name of the company is reflected in all of
them
• Obtain the asset requests ensure that the name of the machine, serial number, data and
cost are all reflected.
• Inspect the plant to confirm for existence.
• Check the insurance policy and confirm that it is in the name of the company.
• Check the purchase price, incidental experts to establish its valuation-.
• Check depreciation and ensure that it is in conformity with the company's policy
Kavungya answered the question on May 14, 2019 at 13:54
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Choose the most reliable source of evidence from the two options given in each of the following
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Date posted: May 14, 2019. Answers (1)
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ii....(Solved)
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Date posted: May 14, 2019. Answers (1)
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Required;-
Explain any three considerations that an auditor uses to assess the reliability of any piece...(Solved)
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Explain any three considerations that an auditor uses to assess the reliability of any piece of audit
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Date posted: May 14, 2019. Answers (1)
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work of the...(Solved)
a) Explain six limitations of gathering audit evidence.
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Date posted: May 14, 2019. Answers (1)
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With reference to the above statement, discuss three advantages and three...(Solved)
a) Standardisation of working papers refers to a predetermined Format of presenting and
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Date posted: May 14, 2019. Answers (1)