You are the Senior Auditor on the external audit of Hobart Limited. The auditee provides tax return services and has no long-term receivables. This is your audit firms first year auditing Hobart Limited. You have been asked to perform accounts receivable testing. Specify 5 audit procedures for testing accounts receivable, determine the applicable assertion(s) for each procedure, and provide an example of a testing exception/deviation for each procedure. The Performance Materiality for the audit is set at $5,000.