Question: QUESTION 2 5 points You have identified the following five risks for your audit client: a. Revenue has been overstated as income for the next

QUESTION 2 5 points You have identified the following five risks for your audit client: a. Revenue has been overstated as income for the next period has been incorrectly dated in the accounts. b. There have been many large assets purchased, these assets are listed as stored in the main warehouse. The warehouse appears too small to house these asse c. Expenses are understated as the stock purchase transactions in the accounts only go to June 21St not June 30th d. The incorrect coding of revenue when an incorrect account was incorrectly reset in the accounting system. e. When reviewing monthly statements, some of the amounts owing to suppliers was incorrect. REQUIRED: Determine the key assertion that is being tested in the above cases. marks for the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph Arial 14px V Ev EVAV Il Answers to save all answers. Save All Answers Close Window

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