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Select the right assertion to complete the following statement: Management's disclosure of incorrect amount of...

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Accounting

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Select the right assertion to complete the following statement: Management's disclosure of incorrect amount of unpaid parts of a bank loan obligations and the assumptions underlying these amevunts was an example of the assertion a rights and obligations Ob.existence O accuracy and valuation Od completeness You are considering acceptable sudit risk at the financial statement level for Stephens Inc., a private company. The company has recently installed information system. How will this affect your assessment of your audit risk? O. Has no effect on your acceptable audit risk O b. Increase your acceptable audit risk Oc Reduce your acceptable audit risk Od. Reduce your assessment of inherent risk

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