For the following three specific audit procedures (i. through iii.) state the specific audit assertion associated with the audit procedure. Be sure to include the type of assertion, i.e. whether it is a transaction-related, balance-related or presentation and disclosure-related audit assertion. For each specific audit assertion identified, state the type and quality of audit evidence required (low, moderate or high). Explain why the evidence is the quality level you specify. (Use the table on the next page to provide your answer).

Selected a sample of inventory items in the warehouse and counted how many units of each item there were. Compared this count with the number of inventory items listed in the inventory sub ledger.

Externally confirmed with a clients bank the investments the client held at the end of the fiscal year.

Recalculated a sample of sales invoices for mathematical accuracy. Compare the amount to what is recorded in the clients sales sub ledger.