Hilltop Partners is planning the audit for one of its clients. Jake Hilltop is performing the risk assessment at the assertion level for the accounts payable account to determine the nature and timing of the substantive work to be performed. Jake has assessed the inherent risk for the accounts payable account for each assertion as follows:

Existence		Medium
Completeness		High
Accuracy and valuation		Low
Rights and obligations		Low

Jake has assessed the audit risk and control risk as low.

Required

What assertion is at greatest risk?