elect for each procedure below the most likely management assertion that is being tested with the procedure.

Procedures

1. Take a block of shipping orders and account for the invoicing of all items in the block and account for the pre-numbering of the documents.

Select : Rights and obligations; Presentation and disclosure; Existence; Valuation; Completeness; Occurrence.

2. Review the general access controls to the computer application and the authorized ability to make changes to computer price files.

Select : Rights and obligations; Presentation and disclosure; Existence; Valuation; Completeness; Occurrence.

3. Recompute the invoice total and individual line items on a sample of sales invoices.

Select : Rights and obligations; Presentation and disclosure; Existence; Valuation; Completeness; Occurrence.

4. Review client documentation to determine policy for credit authorization.

Select : Rights and obligations; Presentation and disclosure; Existence; Valuation; Completeness; Occurrence.

5. Select a sample of shipping documents and trace to invoices. Select : Rights and obligations; Presentation and disclosure; Existence; Valuation; Completeness; Occurrence.

6. Randomly sample entries into the sales journal and trace back to sales orders and shipping documents.

Select : Rights and obligations; Presentation and disclosure; Existence; Valuation; Completeness; Occurrence.