1- Which of the following is a test of control in the audit of tangible non-current assets?

Review authorisation of the depreciation rates used

Walk-through the process for authorising capital expenditure

Physically inspect a sample of tangible non-current assets

Reperform a sample of depreciation calculations

2- Which of the following is LEAST likely to be used as a benchmark for determining a threshold level of materiality?

1% of revenue

10% of profit before tax

2% of net assets

2% of total assets