Question: True or false ? give the explanation and example Inherent risks related to debt obligations primarily concern the authorization of debt, receipt of funds, recording

True or false ? give the explanation and example

  1. Inherent risks related to debt obligations primarily concern the authorization of debt, receipt of funds, recording debt transactions, and compliance with any debt covenants
  2. Existence is the most relevant assertion associated with an inherent risk for treasury stock transactions recorded in the wrong period

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