Required

When evaluating internal control operating effectiveness during the internal control over financial statement audit, the audit team must determine whether the controls that have been put in place for each relevant assertion are operating effectively. To do so$,$ the auditor points must perform tests of the control activities that have been designed to mitigate the risk of material misstatement for each relevant assertion. For each test of control identified below, please select the appropriate financial statement assertion that would be tested by the procedure $($i$.$e$.,$ Existence or Occurrence, Completeness, Valuation, Rights and Obligations, Presentation and Disclosure$).$

observe use of separate account numbers. assertion. For each test of control identified below, please select the appropriate financial statement assertion that would be tested by

the procedure $($i$.$e$.,$ Existence or Occurrence, Completeness, Valuation, Rights and Obligations, Presentation and Disclosure$).$