NCA Assertions

This topic has 5 replies, 2 voices, and was last updated 6 years ago by Kim Smith.

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May 31, 2020 at 5:10 pm #572449
iza1
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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
asset

I dont understand why A is a procedure for existence ?
Then what about B ?
May 31, 2020 at 6:19 pm #572453
Kim Smith
Keymaster
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Can you please tell me where you are seeing these options?
May 31, 2020 at 6:55 pm #572456
Kim Smith
Keymaster
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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.
June 1, 2020 at 5:22 am #572468
iza1
Participant
- Topics: 115
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I saw this in BPP kit Q121 Expert Co. and the answer says vice versa. So I am a little confused
June 1, 2020 at 5:26 am #572469
iza1
Participant
- Topics: 115
- Replies: 112
i understood it now thank you
June 1, 2020 at 7:23 am #572472
Kim Smith
Keymaster
- Topics: 138
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In my old version it is Q119 an it asks which is the test for completeness – so perhaps the Q has been changed but not the answers – hence the error.
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