17 The following are general descriptions of balance and transaction-related audit objectives. Indicate the objective being described in the column headed Objective. Objective a b C d e f Description Transactions and events that have been recorded have occurred and pertain to the entity. Transactions and events have been recorded in the proper accounts. All transactions and events that should have been recorded have been recorded. Transactions and events near the balance sheet date have been recorded in the correct accounting period. Amounts and other data relating to recorded transactions and events have been recorded appropriately. Assets, liabilities and equity interests exist. The entity holds or controls the rights to assets, and liabilities the obligations of the entity. Financial information is appropriately presented and described, and disclosures are clearly expressed. Transactions are recorded on or near the date they occurred. Recorded transactions are properly included in journals, general ledger control accounts and master files and are correctly summarized. Assets are included at the amounts estimated to be realized. Details in account balances agree with related master file amounts, foot to the total in the account balance, and agree with the total in the general ledger. g h j k 1