Question 5 (4 points) Completeness Assertion and the Search for Unrecorded Liabilities For accounts payable and other liabilities, auditors emphasize the Completeness assertion 3: Briefly respond to the following: [A] Why do auditors Search for Unrecorded Liabilities? Which overstatement is the most important to AVOID for auditors? 4: [B] Controls tends to be stronger for which elements of financial statements? Control tend to be weaker for which other elements of financial statements? [C] In the Search for Unrecorded Liabilities and gathering evidence about the Completeness Assertion, explain why such evidence is more difficult to obtain compared to gathering evidence of the Existence of Assets. Use practical examples. acer Dll o n 3 $ 4 % 5 & 7 6 8 9 0 e t u O d f g h k V b n m alt ctrl