The program found below has been prepared for the audit of accrued real estate taxes of a client that pays taxes on 25 different pieces of property have been acquired in the current year. Requirements a. State the purpose of each procedure. b. Evaluate the adequacy of the audit program. Requirement a. Select the appropriate purpose of each procedure. Match each procedure with the corresponding letter (from the list below) that correlates to the appropriate purpose. (Click the icon to view the list of purposes.) Requirement b. tvaluate the adequacy ot the audit program. Procedure Adequacy of Audit Program Obtain a schedule of accrued taxes from the client and tie the total 1. to the general ledger. Compare the charges for annual tax payments with property tax 2. assessment bills. Recompute accrued/prepaid amounts for all bills on the basis of 3. the portion of the year expired. Reference To assure property on which taxes are assessed is owned by the company. A. (Rights and obligations) To assure that taxes on property included on the schedule of accrued taxes B. are not over- or underpaid. (Accuracy) C. To assure that the accrued/prepaid account is correctly stated. (Accuracy) To assure that the clients' detailed schedule equals the total in the general D. ledger. (Detail tie-in) To assure that the clients' detailed schedule matches a schedule provided E. from an outside party. (Accuracy) The program found below has been prepared for the audit of accrued real estate taxes of a client that pays taxes on 25 different pieces of property have been acquired in the current year. Requirements a. State the purpose of each procedure. b. Evaluate the adequacy of the audit program. Requirement a. Select the appropriate purpose of each procedure. Match each procedure with the corresponding letter (from the list below) that correlates to the appropriate purpose. (Click the icon to view the list of purposes.) Requirement b. tvaluate the adequacy ot the audit program. Procedure Adequacy of Audit Program Obtain a schedule of accrued taxes from the client and tie the total 1. to the general ledger. Compare the charges for annual tax payments with property tax 2. assessment bills. Recompute accrued/prepaid amounts for all bills on the basis of 3. the portion of the year expired. Reference To assure property on which taxes are assessed is owned by the company. A. (Rights and obligations) To assure that taxes on property included on the schedule of accrued taxes B. are not over- or underpaid. (Accuracy) C. To assure that the accrued/prepaid account is correctly stated. (Accuracy) To assure that the clients' detailed schedule equals the total in the general D. ledger. (Detail tie-in) To assure that the clients' detailed schedule matches a schedule provided E. from an outside party. (Accuracy)