Question 2: (C1&C2&C3) (16 Marks)

Read the following statements carefully:

1- Recalculate the allowance of Accounts receivables.

2- Vouch sales journal entries to sales invoices.

3- Inspect Bank statement in the clients file.

4- Trace sales invoices to account receivable ledger.

5- Ask payroll department to make report about the calculating criteria of the over time.

6- Inspect the disclosure of inventories in the financial statements.

7- Ask management about inventories the client has legal title on it.

8- Observe that Inventory quantities include all products, materials, and supplies on hand.

Instructions:

1-Indicate the type of Procedure for each statement.

2-Indicate the type of Evidence for each statement.

3-Indicate the type of Assertion for each statement.

4-Indicate the source of Document for each statement (obtained directly by the auditor, external circulated internally, internal circulated externally, entirely internal).