Accounting · Audit Procedures and Evidence
Which of the following procedures will provide appropriate audit evidence in respect of the completeness of non-current assets?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1For a sample of assets on the assets register, inspect relev ant purchase invoices or deeds
- 2F or a sample of assets on the assets register, recalculate the carrying amount in accordance with the entity's accounting policies
- 3For a sample of non-current assets listed on the non-current assets register, physically inspect the asset
- 4For a sample of assets selected by physical inspection, agree that they are listed on the non-current assets register✓
Correct answer
For a sample of assets selected by physical inspection, agree that they are listed on the non-current assets register
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