Question: Question 2 (35 Points) For each given case, indicate 1. whether it is an assertion about classes of Transactions and Events (TE) or an assertion
Question 2 (35 Points) For each given case, indicate 1. whether it is an assertion about classes of "Transactions and Events (TE)" or an assertion about "Account Balances (AB)". (2 points) 2. choose the suitable management assertion for the class (2 points) 3. choose the suitable audit objective for the management assertion (3 points) # Case TE? Management AB? Assertion Audit Objective 1 2 3 4 5 All related disclosures related to the purchase transactions have been included in the financial statements. All accounts payable are recorded. Bad debt was calculated for accounts receivable, Purchase payments are recorded on the proper accounts, Raw material purchases are done from actual supplier that company works with
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