k For each statement below select the most likely related assertion. All transactions and accounts that should be presented in the financial statements are in fact included. Detect purchases made before the end of the year that have been recorded in the subsequent year. The confirmation of an account payable balance selected from the general ledger The engineering department at Omni Company built a piece of equipment in the company's own shop for use in the company's operations. When looking at the ending balance for the fixed asset account the auditor examined all work orders, purchased materials, labor cost reports, and applied overhead that were capitalized as part of the equipment costs. The auditor reviewed the shipping documents to check the date that product was shipped to XYZ Company. [Choose] [Choose] Existence Rights and Obligations Valuation Classification Accuracy Occurrence Cutoff Understandibility Completeness [Choose] [Choose] The auditor reviewed the shipping documents to ensure that all product included in the sales revenue to XYZ had been shipped. [Choose] When reviewing the accounts receivable subsidiary ledger, the auditor found evidence that accounts had been sold to a lender, but had not been removed from the books. [Choose]