Each is fill-in-the-blank. The choices for the fill in the blank are as follows:

Vouching

Tracing

Inspection of Documents

Physical Examination

Reperformance

Physical Examination

Completeness

Existence

Valuation/Accuracy

Each answer may be used more than once and some answers may not be used.

1. When performing alternative procedures for A/R confirmations (ones that come in with disagreements between the client and the client's customer), what type of audit procedure is performed?

2. Which type of test could NEVER be used by an auditor who is auditing A/R?

3. If auditing inventory, what test would provide the best evidence of existence for an auditor?

4. Which assertion is an auditor LEAST concerned with when auditing A/P?

5. When evaluating the adequacy of the Allowance for Doubtful Accounts, what assertion is the auditor most concerned with?

6. Assuming that confirmation was not an option, what type of test would provide the best evidence about the amount of prepaid expenses on the balance sheet?

7. Using the subsidiary A/R ledger (the document provided by the client that shows in detail, how much every customer owes as of the balance sheet date) and finding the supporting shipping documents to make sure that the amount shown was shipped is what type of test? Be specific here!

8. What type of test provides the best evidence as to the amount of depreciation expense a company records for the fiscal year?

9. When performing cutoff tests for A/R, which assertion is the auditor MOST concerned with (there are two being tested, but which one has the highest audit risk)?

10. When performing a search for unrecorded liabilities, the auditor is utilizing what type of test (pick from the seven levels of persuasiveness of evidence)?