(ii) Completeness of PPE:
– Reconcile the schedule of PPE with the general ledger.
– Select a sample of assets physically present at the entity’s premises and inspect the asset register to ensure that these are included.
– Reperform the reconciliation of the non-current asset register to the general ledger, investigate any differences.
– Review the repairs and maintenance expense account in the statement of comprehensive income for items of a capital nature.
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