Read the overview below and complete the activities that follow. General audit objectives exist and help auditors design proper procedures. All audit procedures include steps to test for each objective. CONCEPT REVIEW: In testing accounts receivable, auditors will design procedures to test for each general audit objective. Different procedures are designed for each general objective, and a well designed program includes tests for each objective

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Match each example audit procedure with its correct general audit objective related to accounts receivable. Provide a list of related parties to all members of the audit team to assist in identification of the transacations Select a sample of sales invoices in the subsequent period, and examine the related shipping documents for date of shipment to ascertain whether some of those shipments at the end of the period were inadvertently not recorded Compare the amount of credits given to customers in the subsequent period to the amount estimated by management Confirm a sample of receivables by direct communication with the debtors Review confirmations of liabilities to determine if receivables have been sold Vouch sales and cash receipt transactions occurring near period end Existence of assets Rights to assets Completeness of assets Cutoff of transactions Valuation of assets Financial statement presentation and disclosure