Please choose the appropriate General Audit Objectives for given the assertions and provide an example for...

 

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Please choose the appropriate "General Audit Objectives" for given the assertions and provide an example for specific audit objectives for "Payroll Transactions" and "Accounts Receivable". TERD is for "Transaction and Events and Related Disclosures" and ABRD for "Account Balances and Related Disclosures" If there are multiple audit objective for an assertion, all must be mentioned with general and specific audit objectives. General Audit Specific Audit # Assertion Objectives Objective TERD - Classification 2 ABRD - Rights & Obligations 3 ABRD – Completeness 4 TERD - Accuracy 5 TERD - Cutoff 6 ABRD – Accuracy, Valuation, and Allocation 7 ABRD - Classification 8 TERD - Completeness 9 ABRD - Existence 10 TERD - Occurence Please choose the appropriate "General Audit Objectives" for given the assertions and provide an example for specific audit objectives for "Payroll Transactions" and "Accounts Receivable". TERD is for "Transaction and Events and Related Disclosures" and ABRD for "Account Balances and Related Disclosures" If there are multiple audit objective for an assertion, all must be mentioned with general and specific audit objectives. General Audit Specific Audit # Assertion Objectives Objective TERD - Classification 2 ABRD - Rights & Obligations 3 ABRD – Completeness 4 TERD - Accuracy 5 TERD - Cutoff 6 ABRD – Accuracy, Valuation, and Allocation 7 ABRD - Classification 8 TERD - Completeness 9 ABRD - Existence 10 TERD - Occurence