This sample work program can be used as a general guide to understand and review processes when reviewing capital expenditures in an audit.
This document provides an example of steps to include in a review of internal controls surrounding fixed assets. It will assist to review controls in the capital expenditure area and will focus on capital expenditure area processes and transactional analysis. Included is a general discussion of the financial, operational and technology aspects of capital expenditure auditing. A few associated computer assisted audit techniques (CAATs) testing procedures are included to assist those considering computer-assisted techniques.