Which of the following management assertions is an auditor most likely testing if the audit objective states that all inventory on hand is reflected in the ending inventory balance? Select one: Existence O Completeness O Valuation and allocation O Rights and obligation The overall objective of the audit is to provide the management with information about any deficiency in the design and operations of the internal control system that come to their attention during the audit. Select one: O True O False When the auditor conclude that materiality level of founded misstatements is low and he lacks independence, disclaimer opinion is the appropriate one. Ows la Select one: O True TO 2