Reference no: EM132783004
For each of the following specific audit procedures, indicate the type of audit procedure it represents: (1) inspection of records or documents, (2) inspection of tangible assets, (3) observation, (4) inquiry, (5) confirmation, (6) recalculation, (7) reperformance, (8) analytical procedures, and (9) scanning.
a. Sending a written request to the entity's customers requesting that they report the amount owed to the entity.
b Examining large sales invoices for a period of two days before and after year end to determine if sales are recorded in the proper period.
c Agreeing the total of the accounts receivable subsidiary ledger to the accounts receivable general ledger account.
d Discussing the adequacy of the allowance for doubtful accounts with the credit manager.
e Comparing the current-year gross profit percentage with the gross profit percentage for the last four years.
f Examining a new plastic extrusion machine to ensure that this major acquisition was received.
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