For each of the following audit purposes, find the audit procedure that can meet the objective.

1. Existence: To ensure that no raw material was issued (that is, moved out of warehouse) without proper approval.

2. Realizable value: To identify slow-moving inventory that may need to be written down.

3. Accuracy: To test the accuracy of the clients perpetual inventory records.

Option :

a.Trace the auditor's test counts recorded in the audit files to the final inventory compilation and compare the tag number, description, and quantity

b.Use audit software to compute inventory turnover by major product line and compare it to turnover in the prior year.

c.Account for a sequence of inventory tags and trace each tag to the physical inventory to make sure it actually exists.

d.Compare the client's count of physical inventory at an interim date with the perpetual inventory master file.

e.Account for a sequence of raw material requisitions and examine each requisition for an authorized approval.