Answered: In addition to the above test, state…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter13: Auditing Debt, Equity, And Long-term Liabilities Requiring Management Estimates

Section: Chapter Questions

Problem 36CYBK

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Question

The External Auditors of Mutual Life Ltd. are planning to use its internal auditors' work for the audit.
    They have to do some checks to include the internal auditors' reporting arrangements and qualifications.
    The external auditors did a test of entries in the non-current assets register and the updating movements
    on the annual budget were done. The external auditors having satisfied themselves with the quality of
    work that was done by conducting the entries.

Required:

In addition to the above test, state other types of tests that could be used to prove the completeness of the non-current assets records, including the non-current assets register.

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