For each of possible misstatements listed below, identify one audit procedure that would be most effective in providing evidence regarding the potential misstatement. You will have more options than matches! During tests of the reconciliation of the payroll bank account, the auditor notices that a cheque to an employee is significantly larger than other payroll cheques. The auditor suspects a lapping scheme exists because an accounting department employee who has access to cash receipts also maintains the accounts 1. Send a standard bank confirmation confirming the balance in the bank at year-end. 2. Compare the details of the cash receipts journal entries with the details of the corresponding daily deposit slips. 3. Count the balance in the petty cash at year-end. 4. Agree gross amount on payroll cheques to approved hours and pay rates.