a. An auditor reviews aged accounts receivable to assess likelihood of collection to support managements assertion about account balances of (1) existence. (2) completeness. (3) valuation and allocation. (4) rights and obligations. b. An auditor will most likely review an entitys periodic accounting for the numerical sequence of shipping documents to ensure all documents are included to support managements assertion about classes of transactions of (1) occurrence. (2) completeness. (3) accuracy. (4) classification.

c. In the audit of accounts payable, an auditors procedures will most likely focus primarily on managements assertion about account balances of (1) existence. (2) completeness. (3) valuation and allocation. (4) classification and understandability.