Disposals
Check every disposal reached the ledger: cost taken out, and depreciation stopped.
- Ledger + fixed-asset register
- Key analysis in Fixed assets & leases
How the result is read
Start from the register, which records the disposal date, and test the ledger against it twice: the cost credited out of the fixed-asset accounts for that asset, and any depreciation charged after the date it left. Then the reverse direction, because a ledger can also remove an asset the register still holds. A missed disposal overstates cost and accumulated depreciation and keeps charging an asset the entity no longer has.
In the application
Disposals is filed under Fixed assets & leases, index letter F. "Run all analyses" runs it with every other analysis the ledger and the documents loaded can answer. The worksheet states the population it tested on its face — or "Not applicable" with the reason when a column it depends on is empty — and the Excel workbook the engagement exports files it under F, beside an index of the source files with their SHA-256 fingerprints.
Read it with
Run your next audit file test without the Excel crash.
One free engagement to evaluate, valid 60 days. The ledger never leaves the machine.
- 20 minutes
- Runs on a fictional engagement
- No client data required