Select from the list provided the assertion that is most likely tested by each of the audit procedures. Each choice may be used once, more than once, or not at all.

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The auditor reviewed delinquent customers credit ratings.

.

The auditor confirmed accounts receivable.

.

The auditor vouched the recorded accounts receivable to shipping documents.

.

The auditor inquired of management about the possibility that the receivables had been sold or factored.

.

The auditor determined that a note was included describing any sales to related parties.

.

The auditor tested depreciation related to equipment to determine that it is generally accepted and applied consistently.

.

The auditor examined titles related to vehicles reported in the equipment account.

.

The auditor determined that equipment was displayed in the noncurrent asset category on the balance sheet.

The auditor examined purchase transactions for equipment for several days before and after year-end to determine that they were recorded in the proper year.

.

The auditor determined that the loss associated with the sale of treasury stock was appropriately calculated.

A.	Valuation and Allocation
B.	Existence
C.	Rights and Obligations
D.	Classification and Understandability
E.	Cutoff
F.	Accuracy
G.	Completeness
H.	Occurrence