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A. For a sample of assets selected by physical inspection, agree that they are listed on the non-current
assets register
B. For a sample of non-current assets listed on the non-current assets register, physically inspect the
assetI dont understand why A is a procedure for existence ?
Then what about B ?To physically inspect/see/touch/feel an asset provides irrefutable evidence of existence. Therefore to test from “book (i.e. recording) to physical” is always the test for existence and from “physical to book” the test for completeness (of recording).
So A is test for completeness and B the test for existence.
I saw this in BPP kit Q121 Expert Co. and the answer says vice versa. So I am a little confused
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