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?

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