I did not understand how the other tutor answered this. Can someone else help please?

1. Based on your preliminary risk discussion with University management, the following risks and controls were provided. Note at least one possible audit procedure you would perform to test the control; and a financial statement assertion, if any, related to your objective/audit procedure. Where there is no control, identify a control that you believe would address the risk and an audit procedure you would perform. Risks (What could go wrong) Accounts are properly presented or are misclassified. Control (What can be done to reduce or prevent the risk) One Possible Audit Procedure (what can the auditor do to test or What financial statement assertion, if any, are you testing? (Existence, Occurrence, etc.) determine if the control is workin ) We are aware of the Accounting standards to comply with. We have system controls for cutoff procedures and our accounting staff review and approve that transactions are ro erl classified.