onsider the following list of substantive procedures. or each substantive procedure, select the assertion(s) for which the substantive procedure is designed to detect misstatements. ay use an assertion below more than once. a. Trace the beginning balance for cash on hand and in the Completeness and existence of cash balances. bank to the prior year's working papers. b. During the inventory count look for slow-moving Existence of inventory. inventory. C. Perform cash cutoff tests by inspecting documentation, Existence. completeness. valuation and allocation. and rights and obligations for cash balances. such as daily cash summaries, duplicate deposit slips, and banks statements covering several days before and after year- 1/end. d. Examine inventory Rights and obligations for inventory. consignment arrangements and contracts. e. Compare the cost of Valuation and allocation for inventory. inventory with the client's current sales catalog and sales reports. f Count the inventory and Completeness and existence of inventory. match the auditor's count with the client's count