For the following three specific audit procedures (a through d) perform the following: State the specific audit assertion associated with the audit procedure. For each specific audit assertion identified, state the type and quality of audit evidence required (low, medium or high). Explain why the evidence is the quality level you specify.

1. The auditor compared current years revenue to the budgeted revenue.

2. The auditor selected a sample of deposits from the bank statements and compared the dates of deposits with dates in the cash receipts journal.

3. The auditor discussed with the client the approach taken to estimate the allowance for doubtful accounts.

4. Account for a sequence of invoices.