The following table lists common audit objectives for accounts payable or purchases. For each procedure, list the management assertion and the related general audit objective. State whether the audit objective is transaction-related or balance-related.

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The Answer of The following table lists common audit objectives for accounts payable or purchases. For each procedure, list the management assertion and the related general audit objective. State whether the audit objective is transaction-related or balance-related.

The Following Table Lists Common Audit Objectives for Accounts Payable