1)Internal auditing is going to be performing an assurance engagement dealing with controls over production and inventory. Some of the items to be covered in the engagement include:

Determine if there is an issue with excess, obsolete or unsaleable inventory

Determine if there are inventory shortfalls vs. what is shown in the general ledger

Determine if inventory write-offs have appropriate approval and support

Determine if there are material issues with the quality of the company's finished products.

For each item, select the two best tests in the list that is attachedwhich are the most appropriate to gather the required evidence and why.Briefly describe what evidence can be to obtain from each test.

TYPES OF AUDITTESTS There are various types of audittests: Facilitated meetings Vouching & Verifying Interviewing Process mapping Questioning Process tracing Observation and Inspection Surveys Documentation Review Scanning Confirmation/ Representation Reconciliation Analytical review Recalculation & Valuation Data Analysis