QUESTION 4 Based on conversations with the controller of Under the Table, Inc., the auditor ascertained that the company's primary motivation is to avoid paying income taxes. Based on this motivation, which account balance assertion for ending inventory will the auditor be most concerned about verifying? O Existence or occurrence. O Completeness. O Rights and obligations. Observation. QUESTION 5 Peter Paul has identified the treasurer's review of the bank reconciliation as a control to test. While performing this test, the Peter interviews the treasurer to understand the specific procedures performed during the review. In addition, Peter verifies that the bank reconciliation is properly prepared by the accountant and reviewed by the treasurer by inspecting their respective sign-offs. Which of the following types of audit procedures do these actions illustrate? O Observation and inspection of records. Confirmation and reperformance. O Inquiry and inspection of records. O Analytical procedures and reperformance