The following list includes common auditing procedures. For each procedure: (1) describe the procedure; (2) identify the

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The following list includes common auditing procedures. For each procedure: 

(1) describe the procedure; 

(2) identify the primary financial statement assertion, such as existence, for which the procedure might be used to achieve a related specific audit objective;

(3) give an example of the application of the procedure to a particular account balance.

a. Physical examination

b. Confirmation

c. Vouching

d. Tracing e Scanning

f. Inquiry g. Analytical procedures

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