Match each audit objective to the correct management assertion.

- A. B. C. D. E. F.	Verify that AP balance represents amounts actually owed by the organization at the balance sheet date. Establish that purchase transactions represent goods and services actually received during the period covered by the financial statements.
- A. B. C. D. E. F.	Determine that AP represent all amounts owed by the organization for purchases of goods and services as of the balance sheet date. Ensure that the financial statements reflect all goods and services received by the organization, less returns, for the period covered.
- A. B. C. D. E. F.	Establish that purchase transactions are accurately computed and based on correct prices and correct quantities. Ensure that AP subsidiary ledger is mathematically correct and agrees with the general ledger accounts.
- A. B. C. D. E. F.	Establish that AP and accrued payroll recorded at the balance sheet date are legal obligations or the organization.
- A. B. C. D. E. F.	Verify that AP are stated at correct amounts owed.
- A. B. C. D. E. F.	Ensure that AP, accrued payroll, and expenses reported for the period are properly described and classified in the financial statements.
- A. B. C. D. E. F.	Determine that payroll transactions represent wages for services actually performed during the period covered by the financial statements.
- A. B. C. D. E. F.	Verify that the financial statements reflect all wages for services performed during the period covered.
- A. B. C. D. E. F.	Verify that payroll amounts are based on correct pay rates and hours worked and are accurately computed.

A.	Completeness
B.	Presentation and Disclosure
C.	Accuracy
D.	Rights and Obligations
E.	Validation/Allocation
F.	Existence/Occurrence