However, for the identification of accounts receivable, it is still necessary to give priority to the letter certificate. The standard clearly stipulates that certified public accountants should confirm accounts receivable by letter, unless it is not important to the statement or the confirmation is likely to be invalid.

The final stage of the audit. After auditing the audit matters, the audit team shall submit the audit report of the audit team to the audit institution. Before the audit report of the audit team is submitted to the audit institution, it shall solicit the opinions of the audited object.

Features:

1, the period of fixed capital is relatively long, which does not depend on the production cycle of products, but on the service life of fixed assets.

2. The value compensation and physical renewal of fixed funds are carried out separately. The former is gradually completed with the depreciation of fixed assets, and the latter is realized by using the depreciation funds accumulated at ordinary times when the fixed assets are unusable or unsuitable for use.

3. When purchasing and building fixed assets, you need to pay a considerable amount of monetary funds. This investment is one-off, but it will be recovered by stages through depreciation of fixed assets.

Refer to the above content: Baidu Encyclopedia-Fixed Assets