Assertions about classes, Auditing

Assignment Help:

Assertions about classes

Assertions about classes of transactions and events for the period under audit:

a) Occurrence-events and transactions which have been recorded have pertains and occurred to the entity.

b) Completeness-all events and transactions which should have been recorded such have been recorded.

c) Accuracy-other data and amounts relating to recorded events and transactions have been recorded suitably.

d) Cutoff- events and transactions have been recorded in the correct accounting duration.

e) Classification-events and transactions have been recorded in such the proper accounts.


Related Discussions:- Assertions about classes

Explain the objectives of an independent audit, Kevin Black, the sole owner...

Kevin Black, the sole owner of a small bakery, has been told that the business should have financial statements reported on by an independent auditor. Kevin Black, having some b

Who is wal-mart''s external auditor?, Wal-Mart Locate the 2009 Form 10-K fo...

Wal-Mart Locate the 2009 Form 10-K for Wal-Mart in Appendix A and consider the following questions: 1. With respect to the report of the external auditors to "the Board of Directo

Work in progress, Work In Progress What such applies to goods for resa...

Work In Progress What such applies to goods for resale applies uniformly to work in progress even when the items present greater problems of valuation and ascertainment to the

Fraud and error, Fraud and Error ISA 240: the Auditor’s duty to Conside...

Fraud and Error ISA 240: the Auditor’s duty to Consider Fraud and Error defines that whenever planning and performing audit procedures, computing and reporting outcomes thereby

Disclosure requirements - investment, Disclosure Requirements - Investment ...

Disclosure Requirements - Investment In common terms, the following items have to be disclosed in the concern to all investments: (a) The accounting policies about:-

Computation of significant ratios, Plz assist me with these questions Th...

Plz assist me with these questions The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2011. Specifically, the audit firm is now

Auditor, auditor is a watch dog not a blood hound

auditor is a watch dog not a blood hound

Proxy, if a proxy is voted as per his judgement other than member prescribe...

if a proxy is voted as per his judgement other than member prescribed to him... what is the action to be taken?

Audit process - disclosure and presentation , Disclosure and Presentation -...

Disclosure and Presentation - Audit Process IAS 16 provides exclusive disclosure requirements. Fixed assets should be split into appropriate classes and the following shoul

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd