Consider the following statements and explain why they may be true or false:

(a) The audit approach to any asset will involve the auditor in a consideration of condition.

(b) It is easier to prove the existence of a tangible asset than an intangible asset.

(c) Analytical review is not a useful tool in verifying trade accounts receivable.

(d) The non-current asset register must be updated and kept by staff holding and using the non-current assets.

(e) Non-current asset budgets must be reviewed annually by directors of the company.

(f) Testing of after year end dates is more useful than circularizing customers to confirm balances recorded in their books.