Motor vehicles - audit process, Auditing

Motor Vehicles - Audit Process

Similar considerations govern the audit of motor vehicles as to those relating to machinery and plant.  The simply matter of consideration now is ownership and existence.  Motor vehicles to be mobile may not be obtainable for the auditor to physically check whenever he pays his visit.  Concerned evidence can suffice to prove existence for example however we own the motor vehicle we expect that whether it is being required it will incur costs like as insurance, fuel, maintenance and repairs. The chassis and engine numbers may be checked against the log book to make sure which it is the same vehicle such we are looking on as clients have been recognized to change the registration number plates from a vehicle to another.

Beneficial Ownership

Make sure that the log book is in your client's identification.

Posted Date: 1/25/2013 2:03:36 AM | Location : United States







Related Discussions:- Motor vehicles - audit process, Assignment Help, Ask Question on Motor vehicles - audit process, Get Answer, Expert's Help, Motor vehicles - audit process Discussions

Write discussion on Motor vehicles - audit process
Your posts are moderated
Related Questions
Problem: "If the auditor wishes to place reliance on internal control,he should ascertain and evaluate those controls and perform compliance tests on their operation" (a) De


Checking Consolidation Papers The auditor pays particular concentration to the calculation of: a) Goodwill arising on consolidation and acquisition b) Post-acquisition a

Develop an audit program to identify and reduce potential fraud using ACL.

Audit of Current Assets Verification of Work and Stocks in Progress Authoritative documents: IAS 2/ISA 500/501 IAS 1 Preparation of financial statements requires inv

Audit points - Audit Process Key audit points are as 1. Internal control particularly along with regard to computerisation and internal audit.  2. Provision for doubtful

Question: "The planning, testing, and evaluation of audit evidence for indicia of fraud are unlikely to be successful without that attitude, particularly because fraud is a cri

Building Societies - Specialized Audit Situation Building Societies are organisations that exist to offer a savings and investment intermediate to the public and to lend to pe


am happy to pay someone to do my acc assignment which is more auditing one