Question: when auditing the accounts of Lebel ltd, Alice Trevino undertook the following audit procedures:

1.Attend the client's end of year inventor stocktake and observed the client following the predetermined stocktake instructions. Alice selected a number of items for test counting from the clients inventory sheet.

2. Reviewing the accounting policy for inventory published in the financial report.

3. Conducted a walkthrough of the warehouse to identify DOSE items.

4. Checked the last suppliers invoices recorded before balance date, and the first suppliers invoice recorded after balance date.

5. Selected transactions from the purchases journal and agreed them to the goods record note.

Required: For each procedure above indicate what assertion it relates to and explain