For each audit procedure, indicate (1) the assertion to which it relates, (2) the means of gathering audit evidence, and (3) the characteristic of the audit evidence gathered. The first audit procedure is shown as an example.

Audit Procedure Assertion 1. Send letters to custom- Existence ers with accounts receivable balances. (Example) 2. Examine schedule showing the age of each customer's accounts receivable balance. 3. Compare sales for current and prior accounting periods. 4. Inspect credit files of customers with past due accounts receiv- able balances. 5. Ask management about any accounts receivable pledged during the period. 6. Inspect due dates of accounts receivable balances to determine their current/noncur- rent status. Means of Gathering Evidence Confirmation Characteristic of Audit Evidence Evidence from third par- ties received directly by the auditor