The auditor in the Scott engagement has chosen to increase attention on the financial statement assertion of valuation. Procedures that might be used in an audit are listed below. From the following list, choose the two procedures that would be most appropriate to perform in an audit that is giving increased attention to the valuation assertion. Select "Yes" for only two procedures.

Observing the client count the physical inventory.
Testing shipping and receiving cutoff procedures.
Obtaining confirmation from lenders regarding inventories pledged under loan agreements.
Examining paid vendors' invoices.
Obtaining confirmation of inventories at locations outside the entity.
Examining an analysis of inventory turnover.
Tracing test counts recorded during the physical inventory observation to the inventory listing