23. Which of the following audit procedures would an auditor most likely perform to test controls relating to management's valuation assertion for accounts receivable?

• Verify that extensions and footings on the entity's sales invoices and monthly customer statements have been recomputed.

• Inspect the entity's reports of prenumbered shipping documents that have not been recorded in the sales journal.

• Compare the invoiced prices on prenumbered sales invoices to the entity's authorized price list.

• Inquire about the entity's credit-granting policies and test whether credit checks have been consistently applied to new customers.