Same procedure but different assetion tested

1. inventory: cast the list showing categorized as raw matl, wip, finished goods to ensure arithmentical accuracy and agree totals to FS disclosures: verifies COMPLETENESS

2. Recievables: obtain an aged listing, cast it to verify arithmetical accuracy and agree to FS: verifies VALUATION

in both cases, a list being agreed to the FS.

FURTHER, inventory and recvbles are both ACCOUNT BALANCES thus the key assertions are: completeness, existence, rights/obs, valuation/allocation.

A. can we say the both the procedures test COMPLETENESS AND VALUATION?

B. the difference between the two is that on refers to the disclosure in FS, but even in that case completion and valuation are key assertions.

i guess i am asking why is there a difference in the assertion being tested when the procedure is essentially the same

regards
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