ONE 4 (OBJECTIVE 6-4) The following are examples of audit procedures: . Watch employees count inventory to determine whether company procedures are being followed. . Count a sample of inventory items and record the amount in the audit files. . Review the accounts receivable with the credit manager to evaluate their collectibility. '. Add the sales journal entries to determine whether they were correctly totaled. Obtain a letter from an insurance company to the CPA firm stating the amount of the fire insurance coverage on buildings and equipment. Trace the total in the cash disbursements journal to the general ledger. . Examine corporate minutes to determine the authorization of the issue of bonds. . Review the total of repairs and maintenance for each month to determine whether any month's total was unusually large. Classify each of the preceding items according to the eight types of audit evidence: (1) physical examination, (2) confirmation, (3) inspection, (4) analytical procedures, (5) inquiries of the client, (6) recalculation, (7) reperformance, and (8) observation