Procedures

Your Firm has recently been engaged to undertake a financial year end audit for Bwerani Limited, a company engaged in the production of mill balls. Mill balls are a high consumption accessory used by mining companies across the Copperbelt and North- western regions of Zambia, Bwerani Limited owns both immovable and movable assets which comprise Property, Plant and Equipment. You have been appointed as Audit Senior in charge of the audit of non-current assets for this client. In your planning meeting before commencement of the audit, the Audit Partner has tasked you to consider four key facts before looking at the detailed audit procedures to verify the tangible assets.
Required:
Identity and discuss the four key aspects to consider before you look at the detalled audit procedures that you would carry out to verify the tangible assets???
I think the 4 aspects are:
Test of control
Risk assessment
Assignment of staffs
Analytical reviews