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2-identify the assertions that could be fit for such procedures please answer 1- Classify each procedure according to the following types of audit evidence: (1)

2-identify the assertions that could be fit for such procedures
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1- Classify each procedure according to the following types of audit evidence: (1) physical examination, (2) confirmation, (3) documentation, (4) observation, (5) inquiry of the client, (6) reperformance, and (7) analytical procedure. 2. Identify assertions that could be fit for such Procedures 1. Watch client employees count inventory to determine whether company procedures are being followed. 2. Count inventory items and record the amount in the audit files. 3. Trace postings from the sales journal to the general ledger accounts. 4. Calculate the ratio of cost of goods sold to sales as a test of overall reasonableness of gross margin relative to the preceding year. 5. Trace column totals from the cash disbursements journal to the general ledger. 6. Examine a piece of equipment to make sure a recent purchase of equipment was actually received and is in operation. 7. Review the total of repairs and maintenance for each month to determine whether any month's total was unusually large. 8. Compare vendor names and amounts on purchase invoices with entries in the purchases journal. 9. Foot entries in the sales journal to determine whether they were correctly totaled by the client. 10. Obtain a written statement from the client's bank stating the client's year-end balance on deposit

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