| Occurrence | Did the transaction genuinely happen? | Inspect invoices for PPE purchases |
| Completeness | Has every asset or disposal been recorded? | Trace physical assets to the PPE register |
| Accuracy | Is the amount correct? | Compare the recorded cost with the invoice |
| Cut-off | Is the transaction recorded in the correct year? | Inspect invoices before and after year-end |
| Classification | Is the transaction recorded in the correct account? | Review repairs and maintenance expenses |
| Existence | Does the recorded asset physically exist? | Select assets from the register and inspect them |
| Rights and obligations | Does the company legally own or control the asset? | Inspect title deeds or registration documents |
| Valuation and allocation | Is PPE valued correctly? | Recalculate depreciation |
| Presentation and disclosure | Is PPE properly shown in the financial statements? | Review financial statement notes |
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