The following audit procedures where included in the audit plan for a major store:

A) Watch staff scan products and enter cash received.

B) Reconcile daily cash drawer receipts( cash,debit, card sales,credit sales) with daily sales) with daily sales for one week.

c) calculate daily gross profit and gross profit by product line.

Requirements:

For each of the audit procedures enumerated above,

1) state and describe the type of audit evidence

2)state the audit assertion that it applies to and

3) describe the reliability of the evidence ( High, medium,, or low, with reasons).