Tangible Assets Audit in Construction Entities

Revision, respectively auditing tangible assets of construction entities is of significant importance for the auditor’s opinion regarding the existence of determined material errors and frauds that may affect the accurate image of annual financial statements. An important stage in applying the substantive procedures is represented by auditing the internal control from the point of view of its efficiency, because the discovery of disparities or errors in the tangible assets accounting may determine the auditor to broaden its research area regarding the amortisation computed by the entity and registered as deductible expenses, which may however affect the financial result or even removal from the inventory of certain tangible assets.