Chose the correct answer :The auditor made an independent computation of the depreciationexpense reported...Chose...

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Accounting

Chose the correct answer :
The auditor made an independent computation of the depreciationexpense reported in the client's financial statements the procedureperformed by the auditor is:
A. Vouching
B. re-calculation
C. Tracing
D. Inspection of documents

Answer & Explanation Solved by verified expert

3.7 Ratings (562 Votes)

Option B Recalculation is the correct answer Explanation A Vouching Vouching is refers to examining documentary evidence to ascertain the authenticity of entries in the books of accounts In other words it is an inspection by the auditor of evidence supporting the See Answer

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In: AccountingChose the correct answer :The auditor made an independent computation of the depreciationexpense reported...Chose the correct answer :The auditor made an independent computation of the depreciationexpense reported in the client's financial statements the procedureperformed by the auditor is:A. VouchingB. re-calculationC. TracingD. Inspection of documents