Which of the following assertions with respect to cash is likely the lowest risk? Existence Valuation Cash, in general, is a low risk account and none of the assertions carry much risk. Completeness Question 15 (1 point) Which of the following would be an example of inherent risk in an audit? An auditor who does minimum testing to reduce workload. Highly complex and technical transactions that the company engages in. All of these responses are correct. Weak or lacking internal controls When comparing the % of sales in the last month of the year to the total sales for the year, the auditor notes that the percentage seems significantly higher this period than previous periods. The auditor is aware that the management receives a bonus for meeting certain performance metrics. The sales booked during the last month of the year allowed the company to meet that sales metric, earning management the bonus. Yiven this information, which of the following assertions with respect to revenue would you most likely be concerned about? Both occurrence and cutoff Cutoff Completeness Occurrence