As you develop the audit program for Apex Ltd, you identify the financial controllers review of the bank reconciliation as another control to test. In connection with this test, you: I. Interview the financial controller to understand the specific data reviewed on the reconciliation II. Verify that the bank reconciliation is properly prepared by the accountant and reviewed by the financial controller as evidenced by their respective signatures Which of the following audit procedures correctly describe the above actions?

1)

Inquiry (Action I) and Inspection of records (Action II)

2)

Confirmation (Action I) and Reperformance (Action II)

3)

Analytical procedures (Action I) and Reperformance (Action II)

4)

Observation (Action I) and Inspection of records (Action II)