audit risk for bank loan

Looking at the assertions on page 83 - and please do use this for reference - if the transaction that is the making of the loan falls under completeness - it is a transaction and we are talking about the disclosure of the transaction. Looking at the assertions on page 84 - considering the loan as a liability - "Completeness – all ..... and all related disclosures included." i.e. related disclosures "go with" the assertion of completeness - and similarly accuracy. The presentation assertion concerns aggregation/disaggregation and clear descriptions. So if, for example, an intangible asset was included in PPE (i.e. tangible and intangible assets aggregated together when they should be separate), that would be a risk of misstatement in presentation.