3 pt each MATCHING 1 Match one of the test of control useful to test effectiveness A Account for numerical sequence of shipping orders 8 Account for numerical sequence of receiving reports and observe matching invoices received from vendors C Discuss with client and observe whether personnel prepare shipping documents D Examine receiving and requisition documents, trace to perpetual records E Observe counting personnel and discuss with client F Observe who complies inventory and discuss with client G Read policy and discuss procedures with client H Review procedures for determining standard costs tch one of the following sustantive audit procedures useful for determining whether a material misstatement exists A Analytical procedures for inventory B Compare physical count to perpetual records C Trace costs from supporting documents to development of standards D Trace quantity and description on bills of lading to recorded sales E Trace quantity and description on vendors invoice to receiving report IlI Provide transaction related audit objective Someone other than storekeepers and tho master file does the physical inventory count 37 se responsible for maintaining the perpetual inventory Prenumbered receiving reports are all accounted for periodically and they include description and quantity for inventory received 38 39 Write off of obsolete or slow moving goods properly accounted for 40 Shipments are made only after authorization using prenumbered shipping documents