Reference no: EM132748086

Question: You are provided with a series of audit procedures as follows:

a) Test the quantity times price on a sample of sales invoices.

b) Compare the current year's provision for warranty expenses against that of the prior year.

c) Select a sample of purchase invoices and vouch to goods received notes to confirm goods received.

d) Identify assets pledged as security for accounts payable by reviewing minutes and other documents.

Required: For each audit procedure: state the management assertion tested by the procedure and indicate what specific type of audit procedure is described in each scenario (e.g. observation or inquiry of management).