As a manager at RHC, LLP, part of Charlie’s tasks include drafting the audit plan for his audit clients, including determining the appropriate audit procedures to be performed over the course of the audit.

Required:
1. List the procedures Charlie can utilize to complete the audit in accordance with AS 5.
2. List the procedures Charlie can utilize to complete the audit in accordance with AU 326 and identify which are appropriate for the audit of financial statements and which are appropriate for the ICFR audit.