文档介绍：Chapter 16 Non-current assets
Chapter 16
Non-current assets
1 tangible non-current assets
Obtain non-current assets register
Existence
Physical verification of a sample of assets from the register
Obtain listing of assets sold in year pare to register to check that all disposals have correctly been removed
Rights and obligation
Inspect invoices for ownership details
buildings-inspect title deeds and land registry certificates
Vehicles-inspect registration documents
Completeness
Reconcile non-current assets register to accounts
Physical verification from asset to asset register
Valuation
Verify valuation to valuation certificate
Consider reasonableness of valuation
Reperform calculation of revaluation surplus
Disclosure of valuation
Auditing additions
-check authorization to the board minutes
-examine purchase invoice, delivery order, conveyances for land or architect’s certificate for additions to building
-check that the addition is correctly entered in the asset register and general ledger
Auditing disposal
-check that authorization for the disposal has been given by a responsible officer
-trace the sale of the asset to a invoice or the cash book for receipt collected
-check that the item disposed off is deleted from the asset register and properly treated in the general ledger
How to determine that all fixed assets disposal have been recorded?