The following questions deal with management assertions. Choose the best response. 

a. An auditor reviews aged accounts receivable to assess likelihood of collection to support management’s assertion about account balances of 

(1) Existence. 

(2) Completeness. 

(3) Accuracy, valuation, and allocation. 

(4) Rights and obligations. 

b. An auditor will most likely review an entity’s periodic accounting for the numerical sequence of shipping documents to ensure all documents are included to support management’s assertion about classes of transactions of 

(1) Occurrence. 

(2) Classification. 

(3) Accuracy. 

(4) Completeness. 

c. In the audit of accounts payable, an auditor’s procedures will most likely focus primarily on management’s assertion about account balances of 

(1) Existence. 

(2) Completeness. 

(3) Accuracy, valuation, and allocation. 

(4) Classification.