Which of the following accounts is most likely to be considered to have high risks of material misstatement due to fraudulent financial reporting?

Question 3 options:

	Accounts Payable
	Prepaid Expenses
	Accumulated Depreciation
	Revenue

Assertions/account balances with low inherent risk are least likely to involve:

Question 4 options:

	Basic accounting issues
	Specific, formal calculations
	Routine transactions
	Complex Calculations