$18-24($OBJECTIVES $18-5,18-6,18-7)$ The following auditing procedures were performed in the audit of accounts payable:

$1.$ Obtain a list of accounts payable. Re$-$add and compare with the general ledger.

$2.$ Trace from the general ledger trial balance and supporting documentation to deter$-$mine whether accounts payable, related parties, and other related assets and liabilities are properly included in the financial statements.

$3.$ Calculate the ratio of purchases to accounts payable and compare to the same ratio from the prior year.

$4.$ For liabilities that are payable in a foreign currency, determine the exchange rate and check calculations.

$5.$ Discuss with the accounts payable supervisor whether any amounts included on the accounts payable list are due to related parties, debit balances, or notes payable.

$6.$ Obtain vendors$$ statements from the controller and reconcile them to the listing of accounts payable.

$7.$ Obtain vendors$$ statements directly from vendors and reconcile them to the listing of accounts payable.

$8.$ Examine supporting documents for cash disbursements several days before and after year end.

$9.$ Examine the acquisitions and cash disbursements journals for the last few days of the current period and first few days of the succeeding period, looking for large or unusual transactions.

a$.$ For each procedure, identify the type of audit evidence used.

b$.$ For each procedure, identify which balance$-$related audit objective$($s$)$ was$/$were satisfied.

c$.$ Evaluate the need to have certain objectives satisfied by more than one audit procedure.