Taylor, your audit team member, has completed the following audit procedures for Standard Company. Please assess the appropriateness of those procedures for the combination of account and stated assertion. (Worth 1 point each) In attempting to accomplish the completeness assertion for Accounts Receivable, the auditor sent positive confirmation requests to 150 different customers listed as owing the company money. All 150 customers returned the requests to the auditor and verified that the respective amounts recorded by the client were correct. The confirmation of these customers represents 85% of the total Accounts Receivable balance. In attempting to accomplish the rights and obligations assertion (think of "rights" as in ownership) for Equipment, the auditor physically examined every piece of equipment that the client had recorded in its ledger. The auditor saw that every piece of equipment was present. Appropriate Inappropriate