Required Information Ch16 Revenue and Expense Accounts [LO16-1, LO16-2] Revenue and Expense Accounts Read the overview below and complete the activities that follow When a traditional audit begins with the testing of the balance sheet, auditors find that they often "test" revenue accounts at the same time. CONCEPT REVIEW: Many revenue accounts are verified by the auditor in conjunction with the sudit of a related asset or liability Part 2- Concept Check 1. The audit of inventories may help in the auditor's determination of 2. It is difficult in audit without the consideration of the property account. 1. Amortization relates t assets like depreciation relates to property and equipment. 4. Auditors consider the Finarcial statements that the results almost never lead to legal action by financial statement users. 5. expense when determining the correct allowance for doubtful accounts