Question: In designing an audit plan, auditors first consider the general objectives, then determine the specific objectives and the potential risks, and then design appropriate audit procedures. Indicate the general objective of each of the following audit procedures. Objectives may be selected once, more than once, or not at all. Observe the client's physical inventory. Locate on the client's premises a sample of the equipment items listed in the subsidiary plant and equipment ledger. Obtain an aged trial balance of receivables, test its clerical accuracy, and reconcile to the ledgers. Trace a sample of shipping documents to recorded sales transactions. Identify related parties.