Major Balance - Related Audit Objectives

COMPLETENESS

Existing acquisitions are recorded
1. Examine vendors invoice of closesly related accounts for uncover items that should be manufacturing equiment

2. Review Lease and rental Agreement

ACCURACY

- Current Year Acquisitions as listed are accurrate
- Examine vendors Invoice

CLASSIFICATIONS

- Current tear acquisitions as listed are properly classified.

DISPOSALS

- Make infquiring about the posibility of the disposal of assets
- Review whether newly acquired assets replace existing assets.
- Review documents for indications of deletion of equipment
- Analyze gains and losses or disposal.

THE MOST IMPORTANCE OBJECTIVE IS ACCURACY
- Consistent, Depreciations Policy
- Correct Calculation