The eight general audit procedures produce evidence about the principal management assertions in financial statements. However, some procedures are useful for producing evidence about certain assertions, and other procedures are useful for producing evidence about other assertions. The assertion being audited can influence the auditors' choice of procedures. Required: For each general audit procedure, check all the management assertions best tested by using each procedure. 1. Inspection of records or documents (vouching) PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertions ASB Assertions check all that apply Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Rights 2. Inspection of records or documents (tracing) PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertions ASB Assertions check all that apply Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Rights 3. Inspection of records or documents (scanning) PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertions ASB Assertions check all that apply Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Rights 4. Inspection of tangible assets PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertions ASB Assertions check all that apply Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Rights 5. Observation PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertions ASB Assertions check all that apply Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Rights 6. Confirmation PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertions ASB Assertions check all that apply Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Rights 7. Inquiry PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertions ASB Assertions check all that apply Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Right 8. Recalculation PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertion ASB Assertions Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Rights 9. Reperformance PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertions ASB Assertions check all that apply Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Rights 10. Analytical procedures PCAOB Assertions check all that apply Existence Occurrence Rights and obligations Completeness Valuation and allocation Presentation and disclosure Valuation Rights All assertions ASB Assertions check all that apply Existence Occurrence Completeness Valuation and allocation Rights and obligations Accuracy Classification All assertions Valuation Rights