For the accounts of Intangible assets and Accrued liabilities, provide the following information:

a) Name the two riskiest assertions for each account under normal circumstances and explain why these are the highest risk.

b) For each high risk assertion you named, provide 1 procedure to test it. (Make sure you be specific in what information you need and why you need that information)

Assertion	Intangible Assets - Why	Procedure
Assertion	Accrued Liabilities - Why	Procedure