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3. State appropriate audit procedure for the following. Problem Type of Test Name of the Particular (Test of Test Control/Substantive) 1. The auditor has a doubt that the total of debtors' amount was overstated. In order to verify the assertion, he compares the total debtors with other relevant information from financiall statements. 2. To collect evidence on a suspicious purchase transaction and to confirm whether or not the transaction has been properly processed and recorded in the books of accounts. 3. To test whether the total amount of fixed assets is correct by verifying the schedule of fixed assets. 4. To verify whether the payments for expenses above certain limit are made according to the procedures laid down in the rules and guidelines 5. The auditor is suspicious about the balance of a particular customer's account and wants to verify the same, (7.5 Marks Answer:- Problem Type of test Name of the test To verify whether the procedure for payment for purchases are followed Test of controls Test for purchase transactions There is doubt on the total amount of accounts receivables Substantive Accuracy of accounts receivable To check whether the rule for payment above OMR 200 be Test of made by cheque with the signature of Director is implemented controls or not Internal Control of Cheque Payments A substantive test is one which is done to assess the completeness and accuracy of the account balances and the transactions. A test of controls is applied to check if the internal controls laid down are followed