The text lists 18 audit objectives - 8 for balances, 6 for transactions, and 4 for presentation and disclosure. . For each of the following audit procedures, list the category and specific objective each tests and provide an explanation of why you selected the category and object. Some of these audit procedures test more than one objective and I want you to list and explain all that apply. Assume all procedures were executed on the audit for a fiscal year ending December 31, 2014. Fill in the following table to answer the question.

2. Add all customer balances in the accounts receivable trail balance and agree the amount to the general ledger.

3. Determine whether long-term receivables and related party receivables are reported separately in the financial statements.

4. For a sample of shipping documents selected from shipping records, trace each shipping document to a transaction recorded in the sales journal.

5. Determine whether all risks related to accounts receivable are adequately disclosed.

6. Examine a sample of duplicate sales invoices to determine whether each one has a shipping document attached.

7. Inquire of the client whether any accounts receivable balances have been pledged as collateral on long-term debt and determine whether all required information is included in the footnote description for long-term debt. 8. Send letters to a sample of accounts receivable customers to verify whether they have an outstanding balance at December 31, 2014