Question: A client operates in the high - tech industry. Consequently, the auditor is concerned about potentially obsolete and slow - moving inventory. Which assertion as

A client operates in the high-tech industry. Consequently, the auditor is concerned about potentially obsolete and slow-moving inventory. Which assertion as a high risk of material misstatement in this case?
Existence
Valuation
Rights & Obligations
Completeness
A client operates in the high - tech industry.

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