Objective: This project is designed to help students understand the link between financial statement assertions and audit evidence, and to develop a good understanding of the different types of audit evidence available to the auditor-including analytical procedures. It also introduces inexperienced students to some basic auditing procedures and audit documentation. Part 1: Below is a simplified audit program for Accounts Receivable for Earthwear. Complete each procedure and sign off that you have completed it, indicating whether the test was OK or not. Then describe the evidence type and identify the assertion for which you believe the evidence is most relevant. For procedures that require a sample, select at least two (2) samples. Submit your WORD file containing all of Part 1 to the Canvas Project 3 Submission. Procedure (Evidence) Completed by 1. Discuss with client personnel CL whether the A/R balance inappropriately contains any interest- bearing notes from customers, or any receivables from employees. 2. Foot several accounts in the A/R subsidiary ledger and agree the total from the subsidiary ledger to the general ledger. 3. Select a sample of customer accounts from the A/R subsidiary ledger and confirm the 12/31/22 balances directly with customers. Accessibility: Investigate Per Phil Morrison, AR Manager, the A/R balance does not contain any interest- bearing notes from customers or any receivables from employees. Page 1 of 7 2023 words Text Predictions: On Not OK Evidence Type Assertion Inquiry Classification Focus + 90%