Auditor Review Questionnaire
Please review and clear the following queries to finalize the audit file.
Overall Progress (40%)
Total Queries
5
across 8 sections
Pending
2
require your attention
Resolved
2
client approved
Exceptions
1
uncorrected misstatements
Filter By:
1
PPE-01PPEDepreciation
We noted that the useful life of the new manufacturing equipment (Asset #4092) is recorded as 15 years, which differs from the company's stated policy of 10 years for this class of assets.
Recorded depreciation expense for this asset is €12,500. Under the 10-year policy, it should be €18,750.
Evidence Links
Select Resolution
Auditor Notes & Justification
2
PPE-02PPEAdditions
Please provide the capitalization rationale and supporting invoice for the 'Office Refurbishment' addition of €45,000 recorded in March 2024.
Amounts over €10,000 require capitalization per policy. We need to verify these are not repair and maintenance expenses.
Evidence Links
Select Resolution
Auditor Notes & Justification
3
PPE-03PPEImpairment
The carrying value of the old delivery fleet exceeds its recoverable amount based on recent market valuations.
No impairment loss was recognized. Audit team calculates a necessary impairment of €32,000.
Evidence Links
Select Resolution
Auditor Notes & Justification