The following are seven general presentation and dis¬ closure-related audit objectives (1 through 7) and 10 specific- balance related audit objectives for the audit of payroll and human resource expenses (a through j).

GENERAL PRESENTATION AND DiSCLOSURE-RELATED AUDIT OBJECTIVES

1. Occurrence 

2. Rights and obligations (ownership)

3. Completeness

4. Accuracy 

5. Valuation 

6. Classification

7. Understandability

SPECIFIC PRESENTATION AND DISCLOSURE-RELATED AUDIT 

OBJECTIVES

a. Travel expenses were paid to employees who travelled for the purposes of authorized work activities.

b. Payroll payments were made to employees who existed and worked for the company.

c. Payroll expenses shown on the financial statements are materially correct.

d. All amounts paid to employees who are related parties are disclosed in the financial statements.

e. Stock options paid to employees are clearly described.

f. Payroll expenses are correctly shown by type (e.g., opera¬ tions, administration, sales).

g. “Golden parachute” agreements and any other costly agreements with management are described clearly in the financial statements.

h. Accrued liabilities for benefits such as employment insur¬ ance are included in the accounts.

i. Only valid benefits are paid to employees (i.e., unautho¬ rized benefits are not paid).

j. Payroll expenses are clearly described by type.
REQUIRED For each general presentation and disclosure-related audit objective, identify one or more specific presentation and dis¬ closure-related audit objectives.