Styles Analytical Thinking: Audit Evidence & Audit Procedures (24 points) Below are 12 audit procedures. Directions: Classify each procedure according to the following types of audit evidence: (1) physical examination, (2) confirmation, (3) inspection, (4) observation, (5) inquiry of the client, (6) reperformance, (7) analytical procedure, or (8) recalculation. Audit Procedure 1. Compare vendor names and amounts on purchase invoices with entries in the purchases journal. 2. Make a surprise count of petty cash to verify that the amount of the petty cash fund is intact. 3. Recompute the unit selling price times quantity on the duplicate sales invoice and compare the total to the amount on the duplicate sales invoice. 4. Read the long-term debt footnote to determine that all required disclosures are accurately described. 5. Compute the ratio of cost of goods sold to sales and compare the ratio to previous years. 6. Observe whether the accounts receivable bookkeeper is prohibited from handling cash. 7. Add totals ("foot") the sales journal. 8. Obtain an understanding of the vacation policy with management. 9. Trace the sales journal total to the general ledger. 10. Obtain a letter from Santander Bank as to the outstanding bank balance. 11. Examine a sample of duplicate sales invoices to determine if the controller's approval is included 12. Scan the sales journal, looking for large and unusual transactions requiring investigation. Type of Evidence On Accessibility investigate DOW A 0