Bullwinkle Squirrel is auditing the acquisition cycle at Capitalist Industries, Inc. His audit program includes the following six procedures.

Audit procedures

1. Verify that acquisition is supported by a receiving report and approved customer order.
2. Determine that the acquisition computer program only accepts valid vendor numbers in the vendor master file.
3. Examine a sample of receiving reports and verify that they have been recorded in the acquisition journal.
4. Vouch entry in acquisition journal to invoice, receiving report, and purchase order.
5. Account for the numerical sequence of receiving reports.
6. Examine evidence that the payables clerk performed a three-way match of the purchase order, receiving report, and invoice.

Bullwinkle decided to draw his sample from prenumbered receiving reports. Indicate the audit procedures that involve sampling and could be effectively performed using a sample drawn from receiving reports. Select Yes or No

Group of answer choices

Verify that acquisition is supported by a receiving report and approved customer order.

[ Choose ] No Yes

Determine that the acquisition computer program only accepts valid vendor numbers in the vendor master file.

[ Choose ] No Yes

Examine a sample of receiving reports and verify that they have been recorded in the acquisition journal.

[ Choose ] No Yes

Vouch entry in acquisition journal to invoice, receiving report, and purchase order.

[ Choose ] No Yes

Account for the numerical sequence of receiving reports.

[ Choose ] No Yes

Examine evidence that the payables clerk performed a three-way match of the purchase order, receiving report, and invoice.

[ Choose ] No Yes