10. You are the audit senior of Tey & Co are responsible for the audit work to be managed for the fixed assets of the company. Tey & Co has 4 properties amounting to Rs 12.5 crore. One of the important tasks ahead for you is to confirm the ownership of these properties. Which of the following would provide the most persuasive evidence of the ownership?

(a) To conduct a physical inspection of all the properties located at different areas.

(b) To ask the management registration documents of these properties and inspect and verify them.

(C) To check whether all the properties are recorded properly in the fixed asset register and depreciation has been calculated correctly.

(d) Enquire with the management, if these properties are insured and review the insurance documentation.






















Ans: (b) To ask the management registration documents of these properties and inspect and verify them.