7) Identify two verification procedures that should be considered by the voucher clerk in the Accounts Payable Department prior to authorizing an invoice for payment.

8) Identify and describe the two forms of accounts receivable confirmation requests.List one factor to consider when deciding which form of confirmation to use.

9) Auditors ordinarily send a standard bank confirmation to all banks with which the client has done business during the year under audit, regardless of whether the client has closed its account.Provide one reason why an auditor would like to embark on this.

10) The audit working papers often include an auditee - prepared, aged accounts receivable as of the balance sheet date. How is the aged accounts receivable statement used by the auditor?

11) A customer replies to a positive confirmation as follows:" We dispute the $250 charge from your client as the goods were never received"As the auditor, what would you do next.

12) In the audit of cash and accounts receivable, the main emphasis should be on which management assertion? Why?