Giant Store Case 1.<Tab/>Management assertion of completeness is of primary concern to an auditor because of the nature of accounts payable, which is prone to understatement. 2.<Tab/>The nature of "search for unrecorded liabilities" as a year-end substantive test for a client's current liability is to make sure they are not understated. Auditor can send out confirmation letter and ask client for a list of liabilities, …showed first 75 words of 736 total…

…showed last 75 words of 736 total…the division's performance, they could have been aware of the motivation of the fraud. They wouldn't take the claim of Nashwinter without verification and would go further to test its assertion. They would check the existence of sales and accounts receivable first, the inventory would be next in line because of its nature of being prone to manipulation. Further steps as identified on Q3 may be employed as a result of assessment of higher risk.