Consider the factors described in Figure 10-6 that affect the risk of assertions being materially misstated. For each of the following factors from that table, describe how the high-risk condition could impact a management assertion related to sales transactions.

Figure 10-6

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Factor: High Risk Condition: Factor: High Risk Condition: Factor: High Risk Condition: Factor: High Risk Condition: Nature of client's business and industry Threatened litigation Integrity of management Prior restatements of financial statements Frequency of transactions Unusual transactions based on complex sales contracts Management motivation Existence of contingent bonus plan