Question: Match each audit procedure example to its correct general objective. Reviewing subsequent events is an important step. Vouch the cost of acquisition to paid checks.

Match each audit procedure example to its correct general objective. Reviewing subsequent events is an important step. Vouch the cost of acquisition to paid checks. Auditors examine transactions just before and just after year end. Cash can be verified by physical inspection. Rights to cash can be verified by sending a confirmation. Examining shipping documents helps to determine if assets are properly recorded. Establish the existence of assets Establish that the company has rights to the asset Establish completeness of the recorded assets Verify the cutoff of transactions Determine the appropriate valuation of the assets Determine the appropriate financial statement presentation and disclosure of the asset

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