The following are two events that happened at Hillsburg during the audit period:
• Hillsburg’s ONHAND system was hit by the WannaCry cyberattack, and the company did not have an external cybersecurity vendor on standby, so it took some time to find IT specialists who could help the company recover from the attack. Eventually Hillsburg found experts and was able to recover, but not before WannaCry damaged some of the system’s software. Hillsburg is still trying to recover some of the inventory data that was damaged by the WannaCry attack. There is a chance that some of the inventory data may not be recovered.
• One of Hillsburg’s biggest customers, Allied Hardware Chain, was recently purchased by Kenny’s. Hillsburg was able to use its relationship with Allied to get into the door with Kenny’s, with the goal of becoming one its suppliers. However, Kenny’s had been in the process of negotiating a deal with Orvill, another competing supplier of hardware equipment. In order to convince Kenny’s to enter into an agreement with Hillsburg, Brandon Mack, the VP Sales and Marketing, offered deep discounts on some of its equipment, selling to Kenny’s below its cost.

REQUIRED
1. Identify the account and the assertion(s) at risk in each of the two events described above.
2. Explain why each of the assertion(s) you identified is at risk.