You are the senior auditor in-charge on the audit engagement for JA Tire Manufacturing for the...

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You are the senior auditor in-charge on the audit engagement for JA Tire Manufacturing for the year ended December 31, 2019. You are responsible for performing risk assessment procedures related to the sales cycle. JA Tire has four sales divisions within the U.S. and sells primarily to large tire companies with regional warehouses that subsequently distribute to local retailers. Part I: IDENTIFYING AUDIT OBJECTIVES (40 POINTS) The following (1 through 16) are the balance-related and transaction-related audit objectives. Balance-Related Audit Objectives Transaction-Related Audit Objectives 1. Existence 2. Completeness 3. Accuracy 4. Cutoff 5. Detail tie-in 10. Occurrence 11. Completeness 12. Accuracy 13. Classification 14. Timing 6. Realizable value 15. Posting and summarization 7. Classification 16. Presentation 8. Rights and obligations 9. Presentation Required Identify the specific audit objective (1 through 16) that each of the following specific audit procedures (a. through L.) satisfies in the audit of sales, accounts receivable, and cash receipts for fiscal year ended December 31, 2019 For JA Tire Manufacturing You are the senior auditor in-charge on the audit engagement for JA Tire Manufacturing for the year ended December 31, 2019. You are responsible for performing risk assessment procedures related to the sales cycle. JA Tire has four sales divisions within the U.S. and sells primarily to large tire companies with regional warehouses that subsequently distribute to local retailers. Part I: IDENTIFYING AUDIT OBJECTIVES (40 POINTS) The following (1 through 16) are the balance-related and transaction-related audit objectives. Balance-Related Audit Objectives Transaction-Related Audit Objectives 1. Existence 2. Completeness 3. Accuracy 4. Cutoff 5. Detail tie-in 10. Occurrence 11. Completeness 12. Accuracy 13. Classification 14. Timing 6. Realizable value 15. Posting and summarization 7. Classification 16. Presentation 8. Rights and obligations 9. Presentation Required Identify the specific audit objective (1 through 16) that each of the following specific audit procedures (a. through L.) satisfies in the audit of sales, accounts receivable, and cash receipts for fiscal year ended December 31, 2019 For JA Tire Manufacturing