For each of the following specific audit procedures (A through D) state:

- the specific audit assertion that the audit procedure examines ( mark each);

- the category of the assertion (transaction or balance, mark each);

- the type of evidence (1/2 mark each);

- and its persuasiveness (low, moderate or high, mark each); and

- the rationale for your assessed persuasiveness of the evidence. (1/2 mark each)

A. Selected a sample of inventory items in the warehouse and counted the items. Compared this count to the number of inventory items listed in the inventory sub ledger.

B. Discussed with the client what inventory valuation method they use.

C. Calculated an estimated cost of goods sold by multiplying the revenue amount reported by the client this year with last year's cost of goods sold as a percentage of revenue. Compared with actual cost of goods sold expense to determine if it looked reasonable.

D. Check the math for a sample of sales invoices for mathematical accuracy. Compare the amount to what is recorded in the client's sales subledger.