Requirement $b.$ For each audit procedure, identify the transaction$-$related audit objective or objectives being satisfied.

Transaction$-$related Audit

Audit Procedures Objective$($s$)$

Trace a sample of shipping documents to entry in the sales journal.

Examine a sample of warehouse removal slips for signature of authorized official.

Examine contract terms for large and unusual sales transactions to determine whether management has included adequate and understandable disclosures of those

$3.$ transactions in the footnotes to the financial statements.

Examine duplicate copy of shipping documents for evidence that quantities were

$4.$ verified before shipment.

Select a sample of payroll payments processed and agree hours to employee time $5.$ records.

Use audit software to foot and cross$-$foot the sales journal and trace the balance to the

$6.$ general ledger.

Examine voucher packages and related vendor invoices for evidence of approval of

$7.$ account classification.

$8.$ Select a sample of sales invoices and agree prices to the approved price list.

Select a sample of entries in the cash receipts journal and trace to posting in individual $9.$ customer accounts receivable records.