The following are Assertions the to a class of transactions / transaction total a. Completeness, Rights, Accuracy existence and valuation \& Allocation b. Accuracy, cut-off, completeness and validity, Authorization and presentation and disclosure c. Occurrence, Accuracy, presentation and disclosure d. Validity, Accuracy and completeness, custody of assets, Obligations e. Occurrence, Completeness, Accuracy, classification, cut off and presentation & disclosure Match a Concept with a fitting Description Using Data-orientated CAATs as part of performing substantive audit procedures on Trade Receivables a. None of the options provided b. To inspect the invoices issued to customers/debtors c. To test whether the system through which transactions with debtors are processed, is operating effectively. d. A sample of debtors with material account balances to which to perform positive circularisation e. A report of all debtors with abnormal account balances: NIL, negative balances, significant decline from prior year. f. All options provided If an Auditor selects the Test of Controls as an audit approach to follow, what should he do when he finds at the early stages of audit execution that the client's controls are weak? a. Perform only Tests of Detail b. Abandon the Test of Controls as a means of gathering audit evidence, and adopt Substantive Audit Procedures c. Focus on analytical procedures d. Continue with Test of Controls as once an audit approach is selected there is no turning back. e. Continue to perform Test of Controls but incorporate some substantive procedures just to address the issue of failing controls. The following assertions are applicable to both class of transactions and Account balances: a. Accuracy and classification b. Rights and obligations c. Valuation and Occurrence d. All options provided e. Completeness and Presentation \& Disclosure Select all Phases of the Audit Process a. Concluding and Reporting b. Gathering of Audit Evidence/ Audit Execution/ Audit Field Work c. Audit documentation d. Audit Planning e. Pre-Engagement Activities f. Test of Controls g. Performing Risk Assessment Procedures h. Audit Approach