The general audit objectives apply to all financial statement accounts. The general objectives are used to determine specific audit objectives for each account.

a. Describe the specific audit objective for the valuation assertion for the following accounts:

(1) Accounts receivable: \(=\)

(2) Inventory. 气

(3) Property and equipment.

(4) Goodwill. ?

b. Describe the specific audit objective for the presentation and disclosure assertion for each of the following accounts:

(1) Cash.

(2) Accounts receivable.

(3) Inventory.

(4) Property and equipment.

(5) Notes payable.