Match each audit procedure example to its correct general objective.

Determine the appropriate

$1$ financial statement presentation and disclosure of the asset

Determine the appropriate valuation of the assets

Match each of the options above to the items below.

Establish completeness of the recorded assets existence of assets

Establish that the company has rights to the asset transactions

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.

Auditors examine transactions just before and just after year end.