Question: find relevant assertion and procedures Scroll down to complete all parts of this task. Derek Smith, CPA has gathered the following information during the audit



Scroll down to complete all parts of this task. Derek Smith, CPA has gathered the following information during the audit of Green Acres Fertilizer Inc. In column B, select one relevant management assertion for each item by clicking in the associated cell and selecting from the option list provided. In column C, select the audit procedure(s) most likely to be performed by Derek to test that assertion by clicking in the associated cell and selecting from the option list provided. Up to three procedures can be selected. Not all procedures will be used and not all scenarios will have three procedures selected 8 When reviewing the accounts receivable subsidiary ledger, 9 Derek found evidence that accounts had been sold to a factoring agency, but not removed from the books. 10 C ng ance Completeness Cutoff O Valuation, Allocation, and Accuracy tible has over O Existence and Occurrence O Rights and Obligations Understandability of Presentation and Classification ledg Ito a CANCEL ACCEPT RESET Shay Confirmation O Review of Subsequent Events O Independent Recalculations/Estimates O Vouching O Tracing O Cutoff Procedures O Analytical Review O Observation O Inspection and Examination O Footing !!! Review O Inquiry CANCEL HI! ACCEPT RESET
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