ond B momblener ngbertoes 1. Conceptunlly, ranagement maicon anaertionk obost thi finangial statemonter (1) befine vhat in neane by management assortions ofo, (2) Discuss hou the cottcept of manageonent aspertions heips the Auditor in auditing an entity's financial staterentm? IT. Indicate the nost applicable of exch of the following Inalcate the nose applicable of orch of the fots. Aspertions about clasges of Transactions and Evonts and Related Disclosures, for the period under audit: D. Cutof! A- Occurrence B. Clomification B. Completeness C. Aceuracy Assertions about Account Balancos and F H. Rights and obligations k. Clasaifioation end. G. Existence I. Completeriess 2. Inventory is properly shown in the financial statements as 1. Al1 sales that were reoorded, took place. Items: 4. The inventory listing shows 100 orcs, while the in the warehouse. [Do not select conpleteness] il cransit at 5. Purchases shipped FOB shipping point, inventory for year the the end of year 1 , are included any determines proparly the the "lower of cost or nety. -lace, were recorded