You are the auditor of Pegasus Limited (Pegasus), a resources mining company. Pegasus owns and maintains a large fleet of trucks to transport mineral ore across Western Australia. During trialling of self-driving trucks that were introduced to the companys fleet during the year, a major accident occurred when the self-driving trucks were being loaded, resulting in destruction of one of the trucks, significant damage to the other trucks as well as loss of a significant amount of mineral ore. Which of the following accounts and assertions is LEAST likely to represent a risk in the audit of Pegasus?

Select one:

a.

Property, Plant and Equipment: Existence

b.

Property, Plant and Equipment: Accuracy, Valuation and Allocation

c.

Inventory: Completeness

d.

Inventory: Existence