Property, plant & equipment (PPE)

This topic has 2 replies, 2 voices, and was last updated 8 years ago by Anuja Nair.

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October 25, 2017 at 4:32 am #413112
Anuja Nair
Member
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Hi sir for property, plant and equipment(PPE), what assertion does the following substantive procedure verfies ?

Inspect the board minutes to ensure that the significant capital expenditure has been authorised by the board.

Is it existence ?
October 25, 2017 at 11:52 am #413145
Ken Garrett
Keymaster
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It helps with existence, and rights and obligations (ownership).
October 25, 2017 at 2:47 pm #413156
Anuja Nair
Member
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Okay thank you sir.
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