Question 4: (C1&C2&C3) (9 Marks) Indicate the category of assertions for each statement below: 1- Liens on the inventories are properly disclosed in notes of the financial statements. 2- The client has legal title to the inventories. 3- Inventories are properly stated at lower of cost or market. 4- Inventory quantities include all products, materials, and supplies on hand. 5- Recalculate the depreciation expense. 6- Accounts receivables are properly classified in the balance sheet as current assets. 7- Vouch sales journal entries to sales invoices. 8- Inspect securities on hand. 9- Trace sales invoices to account receivable ledger. Question 5: (C1&C2&C3) (6 Marks) 1. Recalculate the allowance of Accounts receivables. 2. Inspect Bank statement in the client's file. 3. Ask payroll department to make report about the calculating criteria of the over time. 4. Inspect the disclosure of inventories in the financial statements. 5. Ask management about inventories the client has legal title on it. 6. Vouch entry in accounts receivable ledger to sales invoices. Instructions: Indicate the type of evidence for each statement