Items 1 through 8 represent tick marks (symbols) that indicate procedures performed or comments documented in auditing the Property, plant, and equipment account of American Manufacturers, Inc.Select, from the list of procedures/comments below, the procedure/comment that the auditor most likely performed/documented at each point of the audit where a tick mark was made on the working papers.Select only one procedure/comment for each item.A procedure/comment may be selected once or not at all.Assume that the working papers foot and crossfoot.  | Selection List | | A.Does not recomputed correctly. | G.Sold six fully-depreciated computers to employees; no audit procedures necessary. | | B.Tested reasonableness of calculation. | H.Confirmed, with exception. | | C.Traced amount to current year's trial balance and general ledger. | I.Confirmed, without exception. | | D.Reclassification entry for fixtures erroneously recorded as buildings. | J.Examined supporting vendors' invoices, canceled checks, asset subsidiary ledger and board of directors' minutes of meetings authorizing transactions. | | E.Reclassification entry for building erroneously recorded as fixtures | K.Examined supporting work orders and engineers' reports, canceled checks, asset subsidiary ledger, andboard of directors' minutes of meetings authorizing transactions. | | F.Traced amount to prior year's working papers. | L.Examined supporting deed and purchase contract, canceled checks, asset subsidiary ledger, andboard of directors' minutes of meetings authorizing transactions. | 4. ∠
|
