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Cheryl Miller, CPA, is engaged to audit the financial statements of Superior Wholesaling for the year ended December 31, Year 1. Miller obtained and documented an understanding of Superior's internal control relating to accounts receivable and cash. For each of the following audit procedures, select from the option list provided the management assertion being tested. A choice may be used once, more than once, or not at all. Audit procedure Manageme assertior 1. The auditor compared (reconciled) the total recorded amounts in the subsidiary ledger with the accounts receivable amount recorded in the general ledger. 2. The auditor vouched a sample of recorded sales transactions to customer orders and shipping documents. 3. The auditor tracked cash receipts to determine that Superior Co. is collecting and depositing the proceeds into bank accounts controlled by the entity. 4. The auditor tested the receipts of cash and the associated reduction in accounts receivable at year end to determine that the transactions were reported in the proper period. 5. The auditor vouched accounts receivable to shipping documents. 6. The auditor obtained a management representations letter that includes assertions relating to sales and receivables. 7. The auditor reviewed the credit ratings of delinquent customers. 8. The auditor counted the cash on hand. 9. The auditor obtained exchange rates for the foreign currency held at year end. 10. To test for overstatements of cash disbursements, the auditor identified the last check written for the period and traced the effect to the accounting records. on ed amounts in mount ransactions to Select an option below at O Completeness Rights and Obligations Eso ern Valuation and Allocation O Existence pin ior Accuracy 5. play n. uer RESET CANCEL ACCE ign !!! nts, the auditor traced the effect Select an option below Rights and Obligations O Valuation and Allocation O Existence O Accuracy O Cutoff O Occurrence RESET CANCEL AC the auditor ed the effect

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