15. Discuss the accounts that affect gross margin (sales and cost of sales) in terms of the importance to external users and how their expectations of materiality may be different than management's.

 

13. With respect to the additions to Property and Equipment for 2021, discuss the TWO relevant assertions (existence, completeness, valuation, rights & obligations, cut-off, or presentation & disclosure) for this account.  

Given your selected assertions, indicate an audit test for each assertion.

 

14. With respect to the Gift Card Liability account, which assertion (existence, completeness, valuation, rights & obligations, cut-off, or presentation and disclosure is the highest priority for this account and WHY?