The following auditing procedures were performed in the audit of accounts payable:

1. Examine supporting documents for cash disbursements several days before and after year end.

2. Examine the acquisition and payment journals for the last few days of the current period and first few days of the succeeding period, looking for large or unusual transactions.

3. Trace from the general ledger trial balance and supporting working papers to determine if accounts payable, related parties, and other related assets and liabilities are properly included on the financial statements.

4. For liabilities that are payable in a foreign currency, determine the exchange rate and check calculations.

5. Discuss with the controller whether any amounts included on the accounts payable list are due to related parties, debit balances, or notes payable.

6. Obtain vendors' statements from the controller, and reconcile to a listing of accounts payable.

7. Obtain vendors' statements directly from vendors, and reconcile to the listing of accounts payable.

8. Obtain the accounts payable aged trial balance listing and the accounts payable open transaction file. Re-add the data file, and agree totals to the listing and to the gen¬ eral ledger.
Required

a. For each procedure, identify the type of audit evidence used.

b. For each procedure, use the following matrix to identify which balance-related audit objective(s) was (were) satisfied. (Procedure 1 is completed as an illustration.)

c. Evaluate the need to have certain objectives satisfied by more than one audit procedure.

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AUDIT PROCEDURE - N 3 4 5 6 7 8 AUDIT OBJECTIVE BALANCE-RELATED Detail tie-in Existence x Completeness Accuracy Classification Cutoff Obligations Presentation and disclosure