1. An auditing staff is assigned to audit the accounts payable account of a company. When completing the Risk of Material Misstatement document, the auditor documents that "There is a risk that balances are missing from the accounts payable subledger." Which assertion best aligns with this risk? A. Existence B. Accuracy C. Completeness D. Occurrence

2. It is plausible that one key control activity can mitigate more than one financial statement assertion (ex. occurence, completeness. True or False

3. When the control risk of a company has been assessed at the maximum level, the auditors will most likely take a control reliance strategy. True or False