Please answer requirement d

Requirement c. Compare the four causes of information risk faced by users of financial statements as discussed in this chantar with those faced hva huvor of an automobile The four causes of information risk are essentially the same for a buyer of an automobile and a user of financial statemer More Info Select the four causes of information risk for a buyer of an automobile and the application to the buyer of an automobile. (Click on the icon to view the list of applications.) Causes of Information Risks Application to the buyer of an automobile Remoteness of information f. Biases and motives of provider a. Voluminious data b. Complex exchange transactions g. a. That can be obtained by analyzing the manufacturer audited financial statements. b. The manufacturer of a product has a responsibility to meet its warranties and to provide a reasonable product. The buyer of an automobile can return the automobile for correction of defects. In some cases a refund may be obtained. c. That can be obtained by driving different automobiles, examining the specifications of the automobiles, talking to other users and doing research in various magazines. d. That can be obtained by obtaining financing at a low interest rate. e. That can be obtained by reviewing the manufacturer certification on the application of GAAP. f. This is similar to an audit in the sense that independent information is provided by an independent party. The information provided by Consumer Reports is comparable to that provided by a CPA firm that audited financial statements. Requirement d. Compare the three ways users of financial statements can reduce information risk with those available to Select the ways to reduce information risk for a buyer of an automobile and the application to the buyer. (Click on the icon to view the list of applications.) Application to the buyer of a automobile Ways to reduce information risk User verifies information User shares information risk with management Accounting staff should certify the accounting data