Waltzon (Pty) Ltd (Waltzon) is a stationery shop for the local community of Kraaifontein. Waltzon buys and sells stationery and is currently doing very well. They have different stationery that is purchased from local as well as international suppliers. As a result, Waltzon's inventory contributes to a large value on the Statement of Financial Position The following procedures were performed during the audit of the inventory balance: Tested the authorisation for adjustments to inventory records by inspecting the signatures of relevant personnel. 1. Performed an inventory count. Tested procedures for recording the movement of inventory. Performed an analysis of the inventory that was in transit. Authorisation of write-off or scrapping of inventories was tested by inspecting the signatures of relevant personnel. 2. 3 4. 5. REQUIRED: Indicate for procedures 1-5 above whether the procedure is a test of control or a substantive procedure. Provide a reason for your answer.