. Suggest appropriate audit procedure(s) for verification of the following assertions/controls.

1. Machines, tools and equipment, furniture and fixtures.
2. Small expenses are paid in cash with the approval of the manager and expenses above OMR 100 requires the owners approval.
3. There is a Bank loan with an outstanding amount of OMR 112,500 at an interest rate of 5%.
4. Salaries for the staff.
5. Purchase transactions