Ingrid Shalansky, an audit senior, was given the task of auditing Crabapple Ltd., an investment company. Her firm had not performed the audit before; however, from a discussion with the previous years auditors, she found out that the following transactions occurred during the previous year: payment of debenture interest accrual of debenture interest, payable at the year end redemption of outstanding debentures purchase of a portfolio of shares Ingrid has been asked to detail audit procedures for this years audit based on the assumptions that similar transactions will occur. Which of the following procedures should be performed with respect to the accrual of debenture interest payable at year end?

1. Check the details to the debenture certificate.

2. Recalculate accruals.

3. Vouch to remittance advices accompanying the payment.

4. Perform an analytical review of interest compared to expectations.

5. Recalculate interest received.

6. Review receipts subsequent to year end.

7. Ensure gains or losses have been correctly calculated and recorded.