To gather the evidence which is required pertaining to the assertions, the auditor conducts procedures that have been developed and refined to meet the audit objective. The various procedures which will be conducted by the auditor will be mixed but balanced - no single procedure will supply all the evidence needed.

You are required to:

a) List any five audit procedures and explain each of them. (10)

b) Give one example for each type of procedure listed in (a) above. (5)

c) State whether the above procedures can be used by the auditor when identifying and assessing the risk of material misstatement. Explain. (3)

d) Identify six parties, other than the clients directors and employees, from whom the

auditor may obtain audit evidence and give an example of what that evidence may be. (9)