Identify the associated financial account

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Question 1: Identified the risk and complete the following information in the relevant columns of the working paper. Identify the associated financial account (if you haven't done so already) and assertions that would be affected. Give an assessment of "high," "medium," or "low" in relation to the likelihood and materiality of the risk occurring. Risk should be classified as "high" if it is highly likely to be present and material. Risk should be classified as "medium" if it may be present and material. Risks should be classified as "low" if they are unlikely to be present and/or not material.

Reference no: EM132898829

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