1- Use audit software to foot and cross-foot the cash disbursements journal and trace the balance to the general ledger.
2- Select a sample of entries in the acqisitions journal and trace each one to a related vendors' invoice to determine whether one exists.
3- Examine documentation for acquisition transactions before and after the balance sheet date to determine whether they are recorded in the proper period.
4- Inquire of the credit manager whether each account receivable on the aged trial balance is collectible.
5- Compute inventory turnover for each major product and compare with previous years.
6- Confirm a sample of notes payable balances, interest rates, and collateral with lenders
a) for each audit procedure, identify the transaction cycle being audited.
b) For each audit procedure, identify the type of evidence.
c/) For each procedure identify whether it is a test of control or substantive test
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