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bluewiss bluewiss
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2 years ago
Auditors verify and emphasize current additions of equipment. Which of the following is not a reason for this verification and emphasis?

▸ The amount of any given acquisition is often material.

▸ The equipment is likely to be kept and maintained in the accounting records for several years.

▸ There are usually fewer current period acquisitions of equipment, especially large equipment used in manufacturing.

▸ The balance carried forward in the equipment account from the previous year is important.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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fnc28304fnc28304
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