According to the AICPA auditing standard (AU-C Section 315), risk factors the auditor must consider for identifying significant accounts and disclosures and relevant assertions are According to the AICPA auditing standard (AU-C Section 315), risk factors the auditor must consider for identifying significant accounts and disclosures and relevant assertions are size and composition of the account. susceptibility to misstatement due to error or fraud. volume of activity, complexity, and homogeneity of the individual transactions. All of above