The following are audit procedures from different transaction cycles:

1.	Examine sales invoices for evidence of internal verification of prices, quantities, and extensions.
2.	Select items from the client's perpetual inventory records and examine the items in the company's warehouse.
3.	Use audit software to foot and cross-foot the cash disbursements journal and trace the balance to the general ledger.
4.	Examine loan agreements for key information such as interest rate, payment schedules, collateral, and restrictive covenants to determine whether management has properly included required disclosures in the footnotes to the financial statements.
5.	Select a sample of entries in the acquisitions journal and trace each one to a related vendor's invoice to determine whether one exists.
6.	Examine documentation for acquisition transactions before and after the balance sheet date to determine whether they are recorded in the proper period.
7.	Inquire of the credit manager whether each account receivable on the aged trial balance is collectible.
8.	Compute inventory turnover for each major product and compare with previous years.
9.	Confirm a sample of notes payable balances, interest rates, and collateral with lenders.
10.	Use audit software to foot the accounts receivable trial balance and compare the balance with the general ledger.

Complete all answers boxes for each audit procedure in the table below. (Abbreviations used: A+P = Acquisition and payment, CA+R = Capital acquisition and repayment, I+W = Inventory and warehousing, P+P = Payroll and personnel, SAP = substantive analytical procedure, S+C = Sales and collections, ST of T = test of transactions, SUB = substantive test, TD of B = test of details of balance, TOC = test of control.)

Requirement d. a. b. c. | - n ~ w Analytical procedures Confirmation Inquiries of the client Inspection Recalculation Reperformance Observation Physical exam. o ' o Requirement d. a. b. C. Sub. TOC TOC and Sub. - a ~ * wj o o Requirement d. a. b. c. SAP 1 - 0 m * wj o o ST of T TD of B Requirement a. b. c. d e . 1 - ni w NIA wj o o Accuracy Classification Completeness Occurrence Posting and summarization Presentation Timing Requirement e. N/A CI 1 - n n woi o Classification Completeness + Accuracy Cutoff Detail tie-in Existence + Accuracy 7. N 8. L1 Existence + Completeness Presentation Realizable value Rights and obligations Requirement d. a. b. c. | - n ~ w Analytical procedures Confirmation Inquiries of the client Inspection Recalculation Reperformance Observation Physical exam. o ' o Requirement d. a. b. C. Sub. TOC TOC and Sub. - a ~ * wj o o Requirement d. a. b. c. SAP 1 - 0 m * wj o o ST of T TD of B Requirement a. b. c. d e . 1 - ni w NIA wj o o Accuracy Classification Completeness Occurrence Posting and summarization Presentation Timing Requirement e. N/A CI 1 - n n woi o Classification Completeness + Accuracy Cutoff Detail tie-in Existence + Accuracy 7. N 8. L1 Existence + Completeness Presentation Realizable value Rights and obligations