QUESTION 1 The following are examples of audit procedures: (a) Inquire management whether there is any obsolete inventory on hand at the balance sheet date. (b) Examine a sample vendors' invoices to determine whether the goods or services received are reasonable and of the type normally used by the client's business. (c) Re-compute the unit sales price time the number of units for a sample of duplicate sales invoices and compare the totals with the calculations. (d) Count a sample of 100 inventory items and compare quantity and description to client's counts. (e) Add the sales journal entries to determine whether they were correctly totalled. (0) Obtain a letter from the client's attorney addressed to the CPA firm stating that the attorney is not aware of any existing lawsuits. (g) Read the minutes of a board of directors meeting and summarizes all information that is pertinent to the financial statements in an audit file. (b) Compute inventory turnover ratios and compare with those of previous years as a test of inventory obsolescence. () Vouch a sample of recorded acquisition transactions to vendor's invoices and receiving reports. (i) Observe whether the two inventory count teams independently count and record inventory counts. Required: Classify each of the preceding items to the eight-audit evidence: physical examination, confirmation, inspection, analytical procedures, inquires of the client, recalculation, re- performance and observation.