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