pi The auditor determines that the following objectives will be part of the audit of ABC Company which has a December year and for each of the following audit objective, we the white fest that would most Sely provide the proper support for the determining that the Objective has been met Choose only one answer from A thru ) for each Objective OBJECTIVES 1. Verify existence of accounts receivable 2. Determine that accounts receivable valued at their net realitate value Determine that proper receivable discosures are presented 4. Determine that we have been recorded in the proper period S. Substantiate balances for any accounts receivable where contations were not received back from the customer Selection List or Substance festes A Review and news on sping schedule of accounts receivable along with information for subtrauene collection, . Compare recognized revenue to related industry Matic Tout the storage facility for inventory to determine adequacy of security control D. Send confirmations to customers E. Read the financial statements induting notes) F. Collect shipping information bill of lading etc from the departments or locations from which products we shipped to the customers for the last time in December and the first five shipment January and determine that the shipments were appropriately recorded in the correct month's alleged/edge 6 Examine subsequent cash collections and/or examine evidence of shipment such as the threw way match of related documents Hinquire about and observe the procedures being performed by the sales invoicing personnel 1. Discuss the proces used by the Credit Manager and the validity of his/her sporting information used to set the credit limits for each new and exciting customer Review and test entity level controls and perform analytical analysis of the current to the previous year