3.53 General Audit Procedures and Financial Statement Assertions. The eight general audit procedures produce evidence about the principal management assertions in financial state- ments. However, some procedures are useful for producing evidence about certain asser- tions, and other procedures are useful for producing evidence about other assertions. The assertion being audited can influence the auditors' choice of procedures. Required: Opposite each general audit procedure, write the management assertions most usefully audited by using each procedure. PCAOB Assertions ASB Assertions Audit Procedures a. Inspection of records or documents (vouching) b. Inspection of records or documents (tracing) c. Inspection of records or documents (scanning) d. Inspection of tangible assets e. Observation f. Confirmation g. Inquiry h. Recalculation 1. Reperformance 1. Analytical procedures