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AuditProgram Property Program
AuditProgram Property Program
The company has the following general ledger accounts that will be classified in the property
component of the balance sheet.
Accumulated
Description of Account Fixed Asset Depreciation Related Expense
AUDIT OBJECTIVES
BASIC PROCEDURES
¯¯ Adjustment column(s).
¯¯ As adjusted current year general ledger allowance balance.
¯¯ Significant leases.
Significant Leases
Practical Considerations:
Practical Consideration:
(3) Trace the original cost and acquisition date of the asset to
prior period records.