The following are the eight balance-related audit objectives, seven tests of details of balances for accounts receivable, and seven tests of controls or substantive tests of transactions for the sales and collection cycle.

REQUIRED
a. Identify which procedures are tests of details of balances, which are tests of controls, and which are substantive tests of transactions.
b. Identify one test of details and one test of control or substantive test of transactions that will partially satisfy each balance-related audit objective. Each procedure must be used at least once.

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Test of detals of balances, test of contrel er audit objective ubstantive test of transactions audit procedure 1 Confirm accounts receivable 2 Reviewsales neturns afber the balance sheet dabe to determine whether any are applicable to the curnent year 3 Compare dabes on shipping documents and the sales jourmal throughout the year Perform aternative procedunes for non-responses to conmation Exaine sales transactions for relaced-party or employee sales econded as regular sales Eamine duplicate sales invoices for corsignement sales and other shipments for which title has not passed Realisable value 7 Trace a sample of accounts from the accounts receivable master file to the aged trial balance Rights and oblgations8 Trace reconded sales tansactions to shipping documents to Examine duplicate sales invoices for initials that indicate interna 10 Trace a sample of shipping documents to related sales invoice entries 11 Compare amounts and dates on the aged trial balance and account 12 Trace from the sales journal to the accounts receivable master le 3 Examine the financial stabements to determine whether all related 4 Inquire of management whether there are any non-cument verification of extensions and lootings (additions n the sales journal seceivable master fie sub-ledger) to make sure the information is the same parties, loans and pledged receivables ave properly presented receivables included with the accounts receivable balance shown under current assets