The following equipment schedule was prepared by the client and audited by Sam Staff, an audit assistant, during the calendar-year 2001 audit of Roberta Enterprises, a continuing audit client. As engagement supervisor, you are reviewing the documentation.

Required
Identify the deficiencies in the auditdocumentation.

Transcribed Image Text:

ROBERTA ENTERPRISES 12/31/2007 COST ACCUMULATED DEPRECIATION Ending xpense Disposals Balance Date Beginning Ending Beginning Depreciation Description Purchased Balance Additions Disposals Balance Balance 15,250* 9,852 1020 Press 10/25/04 15,250 40" Lathe 10/30/02 9,852 505 Router 10/15/04 4,635 MP Welder 1040 Press 3/25/07 IBM 40OAS 0 10,500t 0 7,444t 4,635 3,3951 850t 1,575+ 12,075 1,25 8,6945 875 215 3,566 0 0 4.270 1,065 3,566 9/10/03 1,222 1,222 18,956 18.9565 0 10,727 950 4,388 51.387 32.8596 25.102 59.144 33.4291 12.30t 20.769( 24.966 3,065t 950t 810f Computer 7/16/03 12,547 12,547 7,662t 13,903 60" Lathe Fork Lift Totals 13,903 5/29/07 6/2/01 0 7.881 7,881 3,578t -