The following issues were not discovered by an inexperienced auditor in the audit of one Corporation:

1. Sales transactions made at the beginning of the year were recorded and reported in the prior year income statement.

2. One accounts receivable confirmation from a major customer indicated that the balance recorded by Indigo was significantly greater than what is per the customers record of amounts owed to Indigo.

Please identify the issue and one assertion that best pertains to each undiscovered issue.

1.Issue:____________________ Assertion:_________________

2.Issue:____________________ Assertion:_________________