Side Down Electronics Limited is a designer of high technology healthcare equipment. For the current financial year the CFO of Side Down Electronics Limited reported the following key account balances: (a) Sales Revenue - $111 million; (b) Gross Profit - $65 million; (c) EBIT - $43 million; (d) NOPAT - $5 million; (e) Total Current Assets - $8 million; (f) Total Net PPE - $60 million; (g) Total Assets - $250 million; (h) Total Current Liabilities - $15 million; (i) Total Interest-Bearing Debt - $185 million; and (j) Total Equity $15 million.

Hazy Auditing Services has been the auditor of Side Down Electronics Limited for the past 4 years and were recently reappointed to audit the financial statements for the current financial year.

Required: Consider the following scenarios independently. Determine the type of evidence procedure that best describes the action being adopted by the audit team in each scenario. Provide your answer in the template:

give us the evidence type

1-The audit team is concerned the amount of inventory in the storeroom section of the company is not correct. The company is planning to do a stock count of the inventory. On the day of the stock count each member of the audit team was appointed to each stock count team to see whether the procedures and policies for counting inventory were correctly followed.

2-The audit team leader wished to get an understanding of the process and procedures for approving credit sales and credit limits to customers. The audit team leader wished to review the standard operating manuals, credit policies and digital files created by Side Down Electronics Limited in relation to this issue.

3-The audit team leader and several of the senior audit managers wished to get a greater understanding of Side Down Electronics Limiteds financial reporting system. The audit team leader and several of the senior audit managers spent two days speaking and discussing this issue with senior executives of Side Down Electronics Limited to get this information.