Question 37 (5 points) 1) Listen Matching the audit assertion to the audit procedure. Recalculate interest expense. 1. Existence Review the last 5 invoices recorded in the period to see if they are recorded correctly. 2. Completeness - 5 3. Rights and obligations 4. Accuracy Attend the inventory count, and count stock from the inventory listing to the floor. 8 5. Valuation 21 6. Cut-off Discuss the allowance for doubtful accounts adequacy with the client. 7. Presentation and classification 24 8. Occurrence Obtain the shipping documents and determine if the item shipped has been recorded in the sales journal. 27