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Select from the option 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. Audit procedure Assertion 1. The auditor reviewed delinquent customers' credit ratings. 2. The auditor confirmed accounts receivable. 3. The auditor tested sales transactions at year end to determine that they were recorded in the proper period. 4. The auditor accounted for the numerical sequence of sales orders. 5. The auditor vouched the recorded accounts receivable to shipping documents. 6. The auditor determined that accounts receivable was presented on the balance sheet as a current asset. 7. The auditor aged the accounts receivable. 8. The auditor inquired of management about the possibility that the receivables had been sold or factored. 9. The auditor reconciled the total receivables from the subsidiary ledger to the balance in the general ledger. 10. The auditor determined that a note was included describing any sales to related parties. 10T m AT eriod. Select an option below O Completeness O Rights and obligations Valuation and allocation O Existence O Classification and understandability . RESET CANCEL ACCI MacBook Pro audit procedure Assertion !!! delinquent customers' credit ratings E ed accounts receivable E ales transactions at year end to ere recorded in the proper period ted for the numerical sequer Select an option below ed the recorded accounts rece Completeness O Rights and obligations mined that accounts receivabl lance sheet as a current asset O Valuation and allocation the accounts receivable. Existence red of management about the Classification and understandability had been sold or factored. nciled the total receivables from O Cutoff the balance in the general led Cermined that a note was includ RESE es to related parties O CANCEL ACCEPT

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