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For each audit activity, identify the PCAOB assertion that matches with the activity. Each activity has one answer, but the assertions are used more than once.

Review lease agreements for capital leases.

Select a sample of inventory items from the receiving reports and follow the items to inventory records.

Select a sample of fixed asset additions and ask to see the assets.

Review the client's calculation of the allowance for doubtful accounts.

Compare sales invoice quantities to shipping document quantities to verify the client's assertion that this procedure is done by client personnel.

Select a sample of entries in the payroll journal and match the employee name, date of payment, and amount of pay to the employee personnel file.

Ask production and sales personnel concerning possible obsolete or slow-moving inventory.

Watch that an independent person double-checks the payroll wage rates and calculations before check are printed.

Calculate the percentage of sales for salary and wages expense for this year and the prior year for reasonable presentation.

Send a form to the bank for the balances of the payroll checking account

A.	Existence or Occurance
B.	Completeness
C.	Valuation or Allocation
D.	Rights and obligations
E.	Presentation and Disclosure

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