Auditing Accountant

Classify each of the preceding items according to the eight types of audit evidence (1) physical examination, (2) confirmation, (3) inspection, (4) analytical procedures, (5) inquires of the client, (6) recalculation, (&) reperformance, and (8) observation

List two examples of audit evidence the auditor can use in support of each of the following

a. Recorded amount of entries in the acquisitions journal

b. Physical existence of inventory

c. Accuracy of accounts receivable

d. Ownership of fixed assets

e. Liability for accounts payable

f. Obsolescence of inventory

g. Existence of petty cash