II. Classify each of the following according to type of audite evidence: F. Inspection of Assets - li.e. Physical examination] G. Recalculation c. A. Analytical procedures B. Confirmation Examination of documents or Records D. Inquiry E. Observation H. Reperformance I. Scanning Procedures: 1. The auditor performs an internal control procedure (i.e. a walkthrough) to gain an understanding of the client's internal control system. 4 2. Send letters to customers asking them how much they owe the company. 3. Foot [add] the amounts shown in the accounts receivable subsidiary ledger. 4. Auditors review customer balances in the Accounts Receivable Subsidiary Ledger to see if any have credit balances which should be reclassified. Ask the credit manager about the collectability of customer accounts receivable. Trace shipping documents to related sales invoices to determine that customers are being billed. As part of the Inventory Observation, check to see if items! on the inventory listing can be located in the company's warehouse. 8. Vouch sales invoices to related shipping documents to see ifu billed items were shipped. The auditor tests interest expense by developing an overall # reasonableness test rather than redoing all the bond amortization schedules. 9. Select only ONE letter for each of the procedures. Letters can be used more than once. Answers