In prior years, audit effort had been divided pretty much evenly across each month. Do you believe that the risk of material misstatement for the existence assertion is equal across all twelve months of the year for 2020, or do you believe that RMM due to existence is heightened in one or more particular month(s)? Select the answer from those below that best captures your belief. Group of answer choices 

RMM for the existence assertion is not particularly high and about the same in all 12 months for 2020. 

RMM for the existence assertion is not particularly high in 11 months but it does appear to be lowest in December 2020. 

RMM for the existence assertion is not particularly high in 7 months but it appears to be higher in April, May, June, August and October of 2020. 

RMM for the existence assertion is low in every month of the year, as this is a private company. None of the above