i 3 4 For each given case, indicate 1. whether it is an assertion about classes of "Transactions and Events (TE)" or an assertion about "Account Balances(AB)". (2 points) 2 # 1 2. choose the suitable management assertion for the class (4 points) 3. choose the suitable audit objective for the management assertion (4 points) Case Impairment is calculated for Property, Plant, and Equipment. Company reported the sales transactions with clear and understandable disclosures. Discounts on sales transactions are recorded with correct accounts. Payrolls are paid to the employees listed in the employee master file. There is no collateral on the company's bank accounts. TE- AB? Management Assertion Audit Objective