Which risk should be classified as an assertion or account-level
risk, rather than a financial statement-level risk?

a. A company has a significant portion of its compensation for
senior management tied to the financial performance of the
company

b. A company is considering issuing new equity securities within
the next 6 months and is hoping to raise as much capital as
possible

c. A company repossessed several properties pledged as
collateral on notes receivable during the year for which
significant estimates were required to determine fair values

d. A company had significant turnover in key financial personnel
positions during the year, including those with primary
responsibility for financial consolidation and reporting