Audit Procedures / Non Current Assets (NCA)Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Audit Procedures / Non Current Assets (NCA)This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts April 3, 2015 at 6:23 am #239981 YangMemberTopics: 6Replies: 2☆May I ask, is it always a procedure for auditors to agree the carrying value of the NCAs for instance, YE 31 Dec with 1 Jan of next year? April 3, 2015 at 1:54 pm #240015 Ken GarrettKeymasterTopics: 10Replies: 10522☆☆☆☆☆Yes, it is. In fact all opening balances should be checked to last year’s closing balances.If you didn’t a fraudulent company could, for example:Dr NCA Cr Reserves ‘between years’ to make the company look more substantial, orDr Reserves Cr Cash to get money out of the company.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In