Depreciation Expense Audit

Execute an audit over the processes that generate the depreciation expense booked in the audit period—with accuracy.
Template Contents
Audit
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This is the template that gives you confidence in your depreciation expenses. It's basically a template for peace of mind.

Don't doubt your data, especially when it comes to auditing the depreciation expense process. This template captures helps you ensure that provision for depreciation is recorded accurately, gains and losses due to PP&E disposals are accurate and provisions for both (expenses, and any gains/losses) have the correct classifications and disclosures.

Key Features
  • Defined audit procedures
  • Prepopulated audit test steps for each identified audit procedure
  • Ability to track progress for each procedure
  • Dynamic format, with the ability to add or remove procedures

Depreciation Expense is the property of AuditNet®. 

Workiva disclaims all warranties as to the accuracy, completeness or adequacy of information contained in the AuditNet® Depreciation Expense, or for interpretations thereof. Workiva accepts no liability or responsibility to the user for the selection of materials from the AuditNet® content or for reliance by any user or reader of such information.

Compatible Solutions
To use this item, your organization needs to have purchased one of the following solutions.
Audit Management
Support and Documentation
Last updated 6/4/2021 (Release Notes)

Frequently Asked Questions

Yes, the template is fully editable.

No, this template is only available for the Audit workspace. We are working on generating SOX/Controls Management templates.

Yes, you can access additional audit templates from AuditNet. Please click on the following page for details: https://support.workiva.com/hc/en-us/articles/360042140452-Create-an-audit-from-a-template, or reach out to your Customer Success Manager for assistance.

Yes, the template can be downloaded as an .xlsx document and shared. Please click on the following link for more details: https://support.workiva.com/hc/en-us/articles/360042140452-Create-an-audit-from-a-template

Fit for Purpose Solutions
Audit Management
Manage complex audit fieldwork and workpapers with unparalleled ease.