Consider the following list of substantive procedures. For each substantive procedure, select the assertion(s) for which the substantive procedure is designed to detect misstatements. You may use an assertion below more than once, . Trace the beginning balance for cash on hand and in the Completeness and existence of cash balances. Completeness and existence of inventory. Completeness of inventory. Existence of inventory. Existence, completeness, valuation and allocation, and rights and obligations for cash balances. Rights and obligations for inventory. bank to the prior year's working papers. b. During the inventory count look for slow-moving Valuation and allocation for cash balances. inventory. Valuation and allocation for inventory. C. Perform cash cutoff tests by inspecting documentation, such as daily cash summaries, duplicate deposit slips, and banks statements covering several days before and after year-end. d. Examine inventory consignment arrangements and contracts. Compare the cost of inventory with the client's . current sales catalog and sales reports. f. Count the inventory and match the auditor's count with the client's count. g. Confirm cash balances with banks. h. Recalculate extensions of quantities and unit prices. i. Obtain and scan, review, or reperform bank reconciliations as appropriate.