Individual Assignment 15-5

A. identify several pervasive factors that might motivate management to misstate assertions in the expenditure cycle. The assertions are financial information is done accurately an properly valued and allocated. The management may take include: understanding liabilities, reclassifying current liabilities, capitalizing certain expenses like assets in the attempt to delay reporting them as an expense, and managing cash in the operating cycle of the receiving inventory and not paying for it after the items are sold and revenue is collected, and moving expenses forward to another years but not recording liabilities in the current accounting period.

B. Identify several industry -related factors that might influence the risk of material misstatement in the...