Accy 401 - Transaction Related Audit Objectives
Recorded cash disbursement transactions are for the amount of goods or services received and are correctly recorded. a. management assertion: b. transaction related audit objective:
a. Accuracy b. Accuracy
Cash disbursement transactions are properly included in the accounts payable master file and are correctly summarized. a. management assertion: b. transaction related audit objective:
a. Accuracy b. Posting and Summarization
Cash disbursement transactions are properly classified. a. management assertion: b. transaction related audit objective:
a. Classification b. Classification
Existing cash disbursement transactions are recorded. a. management assertion: b. transaction related audit objective:
a. Completeness b. Completeness
Cash disbursement transactions are recorded on the correct dates. a. management assertion: b. transaction related audit objective:
a. Cutoff b. Timing
Recorded cash disbursements are for goods and services actually received. a. management assertion: b. transaction related audit objective:
a. Occurrence b. Occurrence