For each of the following audit procedures, state which type of evidence-gathering technique is being used: (1) inspection or (2) computation or (3) confirmation or (4) analytical procedures or (5) enquiries or (6) observation. i. Performing test counts of the warehouse personnel’s count of the raw material. ii. Obtaining a letter from the client’s solicitor indicating that there were no lawsuits in progress against the client. iii. Tracing the prices used by the client’s billing program for pricing sales invoices to the client’s approved price list. iv. Sending a written request to the client’s customers requesting that they report to the auditor the amount owed to the client. v. Examining large sales invoices for a period of two days before and after year-end to determine if sales are recorded in the proper accounting period
For each of the following
i. Performing test counts of the warehouse personnel’s count of the raw material.
ii. Obtaining a letter from the client’s solicitor indicating that there were no lawsuits in progress against the client.
iii. Tracing the prices used by the client’s billing program for pricing sales invoices to the client’s approved price list.
iv. Sending a written request to the client’s customers requesting that they report to the auditor the amount owed to the client.
v. Examining large sales invoices for a period of two days before and after year-end to determine if sales are recorded in the proper accounting period.
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