For each of the following audit objectives, indicate the type of substantive test (Inspection, Observation, Enquiry, Confirmation, Recalculation, Analytical Procedures) that would most likely provide support for the objective. Explain the reason for your answer.

	Objective	Substantive Test
1.	Verify the completeness of sales and accounts receivable.
2.	Determine that accounts receivable are valued at their net realizable value.
3.	Determine that proper loan disclosures are presented.
4.	Determine the completeness of Accounts Payable.
5.	Determine that Inventory is properly valued at year end.
6.	Determine the existence of Accounts receivable where a customer is not responding to the confirmation letter sent.
7.	Determine that Investments on the balance sheet have been properly valued.
8.	Determine that significant post balance sheet events have been properly disclosed.

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