Audit Checklist County Assessor Audit Interview And Checklist Template Page 4
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2
3
4
5Appendix D
YES
NO
C.
Do they lease equipment to "related" entities at a lower value
than those unrelated?
____
____
D.
Do they lease equipment originally purchased from a parent or
subsidiary company in which they receive a discounted purchase
price?
____
____
E.
Were lease contract agreements reviewed?
____
____
6.
BUILDING, LAND, AND LEASEHOLD IMPROVEMENTS
A.
Was the appraisal record reviewed while on a situs review?
____
____
B.
Was a detailed schedule of these items obtained?
____
____
C.
Were trade fixtures identified?
____
____
D.
Was a determination made whether expensed items should have
been capitalized as real property additions or trade fixtures?
____
____
E.
Was it noted whether capitalized items were repairs and/or new
additions?
____
____
F.
Have items been posted to the real estate account since the last
appraisal?
____
____
G.
Do leasehold improvement items left from the previous tenant
affect the appraisal?
____
____
H.
Are any fixtures included in the real property appraisal?
____
____
I.
Have any leased trade fixtures been reflected on the books as
purchased after the lease terminated?
____
____
J.
If the property is tenant-occupied, do there appear to be trade
fixtures which should be reported by the real property owner?
____
____
7.
CONSTRUCTION-IN-PROGRESS
A.
Do the books reflect CIP on any of the lien dates?
____
____
B.
If there was CIP, are the payables accrued properly for the lien
cut off?
____
____
C.
Are there periodic progress billings from the contractor?
____
____
D.
Were any invoice reviewed which were paid after lien date?
____
____
AH 504
205
June 2000
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