Presentation and Disclosure
Audit Objective
To ensure that PPE balances and related information are properly presented in the financial statements.
Audit Procedures
The auditor may:
- Check whether PPE is correctly classified as a non-current asset.
- Inspect the company's accounting policies.
- Review disclosures relating to depreciation methods and useful lives.
- Verify movements in cost and accumulated depreciation.
- Check whether pledged assets have been disclosed.
- Review the disclosure of significant lease arrangements.
- Confirm that gains or losses from disposals are properly presented.
The procedures in the uploaded slides also emphasise reviewing asset movements during the year and ensuring that disclosures are appropriate.
Tiada ulasan:
Catat Ulasan