1. You are the audit assistant for Pie in the Sky Ltd and you have been assigned to audit non-current assets. The following information is available from the planning documentation. Pie in the Sky Ltd.s non-current assets consist of: o Land and Buildings depreciated using 2% straight line o Plant and Equipment - depreciated using 25% straight line o Motor Vehicles - depreciated using 10% straight line The company have purchased new equipment and motor vehicles this year. A photocopier was disposed this year. The original cost was 4,000 and accumulated depreciation was 1,000. No revaluations of non-current assets have taken place. Total Net Book Value at the period end is 1,900,000. A fixed asset register is maintained and reconciled each quarter to the nominal ledger. Pie in the Sky Ltd has 4 directors and 54 staff in total. There is 1 director and 5 staff in the Accounting department. Required: a) Identify and explain the audit assertions relating to balances at the period end, specifically using non-current assets in your explanations. (12 Marks) b) Give two substantive tests that could be performed on Pie in the Sky Ltd.s non-current assets in respect of each of the assertions that you mentioned in a) above. (16 Marks) c) Give three examples of good internal controls for the ordering process of non-current assets. (6 Marks) d) For each of your suggested internal controls given in c) above, design a test of control (compliance test) to evaluate the effectiveness of the control. (6 Marks)