For the following provide Transaction cycle ll Type of evidence S pt each Ill Type of test IV Audit objectives 17 Acquisition journal is sampled Entries are traced to vendor invoices to determine their existence1ro i Salus and Courcho Inventory turnover is computed and compared with prior years I"l 2acalcuwath on Confirmation of accounts receivable with clients customers 18 19 1 Jales and cou leion Cash disbursements journal is footed and cross footed and balances are traced to the General ledger 20 IV For the following provide CONTROL ACTIVITY 21 Receiving reports are compared to vendor invoices 22 All checks must be approved by controller before being used by disbursement clerk 23 After checks are signed, all supporting documents are cancelled 3 pt each 24 Checks and petty cash are secured in a locked storage unit AUDIT REPORT 2 pt each BONUS A Unqualified standard wording B Unqualified explanatory paragraph C Unqualified modified wording D Qualified E Adverse F Disclaimer 25 You own material interest in client -26 Material misstatement in sales exist Client does not allow further testing For the following provide Transaction cycle ll Type of evidence S pt each Ill Type of test IV Audit objectives 17 Acquisition journal is sampled Entries are traced to vendor invoices to determine their existence1ro i Salus and Courcho Inventory turnover is computed and compared with prior years I"l 2acalcuwath on Confirmation of accounts receivable with clients customers 18 19 1 Jales and cou leion Cash disbursements journal is footed and cross footed and balances are traced to the General ledger 20 IV For the following provide CONTROL ACTIVITY 21 Receiving reports are compared to vendor invoices 22 All checks must be approved by controller before being used by disbursement clerk 23 After checks are signed, all supporting documents are cancelled 3 pt each 24 Checks and petty cash are secured in a locked storage unit AUDIT REPORT 2 pt each BONUS A Unqualified standard wording B Unqualified explanatory paragraph C Unqualified modified wording D Qualified E Adverse F Disclaimer 25 You own material interest in client -26 Material misstatement in sales exist Client does not allow further testing