FOR THE FOR THE FOLLOWING SPECIFIC TRANSACTION RELATED AUDIT OBJECTIVE IDENTIY THE APPROPRIATE MANAGEMENT ASSERTION FROM THE BELOW: SOME MAY BE USED MORE THAN ONCE OR NOT AT ALL (For reference see Power Point Table 6-3, 17 ed) 5 x 6 points =30 points MANGEMENT ASSERTION: 1. OCCURENCE 2. COJMPLETNESS 3. ACCURACY 4. CLASSIFICATION 5. CUT OFF SPECIFIC TRANSACTION RELATED AUDIT OBJECTIVE 1. Recorded cash disbursements transactions are for the amount of goods and services received and are correctly recorded 2. Recorded cash disbursement transactions are for goods and services actually received. 3. Cash disbursement transactions are recorded on the correct dates 4. Existing cash disbursement transactions are recorded. 5. Cash disbursement transactions have been recorded in the proper accounts
FOR THE FOR THE FOLLOWING SPECIFIC TRANSACTION RELATED AUDIT OBJECTIVE IDENTIY THE APPROPRIATE MANAGEMENT ASSERTION FROM THE BELOW: SOME MAY BE USED MORE THAN ONCE OR NOT AT ALL
(For reference see Power Point Table 6-3, 17 ed) 5 x 6 points =30 points
MANGEMENT ASSERTION:
1. OCCURENCE
2. COJMPLETNESS
3. ACCURACY
4. CLASSIFICATION
5. CUT OFF
SPECIFIC TRANSACTION RELATED AUDIT OBJECTIVE
1. Recorded cash disbursements transactions are for the amount of goods and services received and are correctly recorded
2. Recorded cash disbursement transactions are for goods and services actually received.
3. Cash disbursement transactions are recorded on the correct dates
4. Existing cash disbursement transactions are recorded.
5. Cash disbursement transactions have been recorded in the proper accounts
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