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Accounting Paper 1, November 2024, question 4.3

Accounting P1 · Ethics audit and governance
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The auditor of Thabo Traders Ltd is checking the company’s non-current assets (land, buildings, vehicles and machinery) at 28 February 2025. The auditor wants to be satisfied that the assets shown in the financial statements are real, owned by the company and correctly valued.
4.34 marks
Name TWO types of evidence that the auditor would look at to confirm that the property, plant and equipment of Thabo Traders Ltd are properly stated.

NSCBased on Nov 2024 · Paper 1 · Q4.3

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What examiners found

Candidates did not name the audit evidence for property and equipment, and made no comparison with the fixed asset register.

In our words. Source: Department of Basic Education, NSC 2024 Diagnostic Report, Part 1 (Book 1), Q4.3.

Updated