Internal control and Auditing

You are reviewing the Accounts Receivable working papers and your junior staff accountant has completed the assessment of control risk and inherent risk, and concluded on the audit approach they will take in the table below: Control Risk Inherent Risk Audit Approach Completeness Low Low Combined Existence Moderate High Combined Rights and Obligations Low Moderate Substantive Valuation Moderate High Substantive For each assertion, state whether you agree or disagree with their approach, and explain why