Match Problem

This question matches auditing procedures with the 5 PCAOB management assertions. There are 10 audit procedures but only 5 assertions. Each procedure is matched to only one assertion; however, assertions will be used more than once. Review the client's calculation of the allowance for doubtful accounts. Select a sample of receiving reports and verify they were properly recorded in Accounts Payable. Review lease agreements for capital leases Compare sales invoice quantities to shipment documentation quantities to verify the client's assertion that this procedure is done by client personnel. Select a sample of entries in the payroll journal, and match the employee name, date of payment, and amount of pay to the employee personnel file. Watch that an independent person double-checks the payroll wage rates and calculations before checks are printed. Select a sample of fixed asset additions and ask to see the assets. Calculate the percentage of sales for salary and wages expense for this year and the prior year for reasonable presentation between these expenses. Send a form to the bank for the balances of the payroll checking accounts. Ask production and sales personnel concerning possible obsolete or slow-moving inventory. A. Existence or Occurrence B. Completeness C. Valuation or Allocation D. Rights and Obligations E. Presentation and Disclosure