ADVANCED AUDITING QUESTION

In this assignment, you will prepare a 2-3 page professional document that fully addresses the requirements specified in the Cloud 9 case.

Instructions

Specifically you will need to:

1. Explain the audit procedures for acquisition and disposal of property, plant, and equipment related to the occurrence, accuracy, and completion assertions.
2. Using examples, explain and demonstrate how auditing the disposal of property, plant, and equipment provides evidence of depreciation expense.
3. Form conclusions about a selected sample of acquisitions of property, plant, and equipment.
4. Use at least two current, quality academic or authoritative sources in this assignment.

The specific course learning outcome associated with this assignment is:

• Develop conclusions about acquisitions by a given client using audit procedures related to occurrence, accuracy, and completion.