Skyla, the lead auditor for Popcorn Corporation, is doing a planning with the external audit team. During the discussion on the assertions to be tested, one of the junior auditors wanted to know which set of assertions is applicable when testing account balances at year-end. Which of the following is the correct response of Skyla? Occurrence, rights and obligations, completeness, accuracy, and valuation. Occurrence, cutoff, completeness, accuracy, and classification. Classification, understandability, cutoff, and occurrence. Existence, rights and obligation, completeness, valuation, and allocation