Keller CPAs will have to execute the ensuing to acquire evidence about obtainable legal hindrances by:
• Performing analytical procedures
• Verifying current year acquisitions
• Verifying current year disposals
• Verifying the ending balance in the asset account
• Verifying depreciation expense
• Verifying the ending balance in accumulated depreciation
These processes intend to evaluate whether encumbrances and liens to the property, plant and equipment have been acknowledged and whether property presently promised as security on a loan that has not been sold or damaged.
• Performing analytical procedures
• Verifying current year acquisitions
• Verifying current year disposals
• Verifying the ending balance in the asset account
• Verifying depreciation expense
• Verifying the ending balance in accumulated depreciation
These processes intend to evaluate whether encumbrances and liens to the property, plant and equipment have been acknowledged and whether property presently promised as security on a loan that has not been sold or damaged.