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) 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 asse
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