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Anthony works as an intern in a CPA firm. He is asked to perform various duties by his supervisor. The followings are five of the

image text in transcribed Anthony works as an intern in a CPA firm. He is asked to perform various duties by his supervisor. The followings are five of the required audit tests. Anthony wants to know why he is doing them and what type evidence he is asked to collect. 1. Count the number of notes and coins in the client's cashier office in whose presence. 2. Inspect the cash disbursement package for evidence of authorization of payment. 3. Trace a sample of receiving reports to vendors' invoices and accounts payable subledger. 4. Take a sample of the sale invoices and trace the unit prices to the approved price list. 5. Read the minutes of the meeting of the board of directors for authorization of large transactions. Required: For each of the audit procedures, explain the audit objective and the type of audit evidence to be obtained

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