Question: Please help me with the following problem because I know that I didn't do it right. Thank you Required For each specific balance-related audit objective,

Please help me with the following problem because I know that I didn't do it right.

Thank you

Please help me with the following problem because I know that I

Required For each specific balance-related audit objective, identify the appropriate management assertion. (Hint: See Table 6-4 on page 160.) 6-27 (Objectives 6-6, 6-7) The following are specific transaction-related audit objectives applied to the audit of cash disbursement transactions (a through f), management assertions about classes of transactions (1 through 5), and general transaction-related audit objectives (6 through 11). Specific Transaction-Related Audit Objective a. Recorded cash disbursement transactions are for the amount of goods or services received and are correctly recorded. b. Cash disbursement transactions are properly included in the accounts payable master file and are correctly summarized. c. Recorded cash disbursements are for goods and services actually received. d. Cash disbursement transactions are properly classified. e. Existing cash disbursement transactions are recorded. f. Cash disbursement transactions are recorded on the correct dates. Management Assertion about Classes of Transactions General Transaction-Related Audit Objective 1. Occurrence 2. Completeness 3. Accuracy 4. Classification 5. Cutof 6. Occurrence 7. Completeness 8. Accuracy 9. Posting and summarization 10. Classification 11. Timing Required a. Explain the diferences among management assertions about classes of transactions and events, general transaction-related audit objectives, and specific transaction-related audit objectives and their relationships to each other. b. For each specific transaction-related audit objective, identify the appropriate management assertion. c. For each specific transaction-related audit objective, identify the appropriate general transaction-related audit objective. (Arens 169-170) Arens, Alvin A., Randal Elder, and Beasley. Auditing and Assurance Services, VitalSource for DeVry University, 14th Edition. Pearson Learning Solutions, 12/2012. VitalBook file. The citation provided is a guideline. Please check each citation for accuracy before use

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