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.