These are options for each question :

Review board of director meeting minutes for proper authorization of all current-year debt and equity transactions.

Vouch recorded payables to invoices, purchase orders, and receiving reports.

Recalculate current-year depreciation expense.

Compare accounts receivable write-offs with doubtful accounts estimates.

Obtain and inspect the title documents to such fixed assets.

Perform a search for unrecorded liabilities.

Confirm a sample of accounts receivable.

Inquire whether any inventory is out on consignment at year-end.

Examine debt instrument agreements and characteristics for proper classification.

Trace inventory test counts to inventory subsidiary accounts.

Inquire about accounts receivables that have been sold or factored.

Inquire about possible obsolete inventory at year-end.

tbs.audit.indvdl.001_2017 Fieldwork-Substantive Tests Financial statements that are in conformity with the applicable financial reporting framework contain certain management assertions relating to amounts and disclosures in the financial statements. A substantive audit plan will contain a list of audit procedures for gathering evidence related to relevant assertions for the client's significant financial statement accounts, disclosures, transactions, etc. The list in the table below provides a range of relevant assertions for the given account for which the auditor is performing substantive procedures. Double-click on the associated shaded cells and select from the list provided. An explanation may be used once, more than once, or not at all. A1 lock copy cut paste A B 1 A B 2 Substantive auditing procedure 3 1. Existence of accounts receivable INI 4 2. Completeness of the accounts payable balance II 5 3. Rights and obligations to inventory 4. Valuation (or allocation) of the fixed assets 6 7 5. Completeness of the inventory 8 6. Presentation of debt instruments E 5 MacBook Air