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

Audit report, impact on audit report of going concern

impact on audit report of going concern

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:-

Audit, Why is studying Auditing different from studying other accounting to...

Why is studying Auditing different from studying other accounting topics?

Joint audit, Advantages and disadvantages

Advantages and disadvantages

Advantage and disadvantage of judgmental sampling, Advantage and Disadvanta...

Advantage and Disadvantage of Judgmental Sampling The advantages of judgment sampling The approach is understood as well and has been refined through experience o

Audit risks, People do not plan to fail, they fail to plan. Planning is an...

People do not plan to fail, they fail to plan. Planning is an essential feature of an effective audit. The most effective plan is one that is reduced to writing, outlining the au

Limitation of audit evidence, Limitation of Audit Evidence The quantit...

Limitation of Audit Evidence The quantity and quality of evidence is constrained through the following factors as: Absolute proof is not possible; Some assert

Attempts at definition of the ''true and fair'' view, Attempts at definitio...

Attempts at definition of the 'true and fair' view There following quotations represent authoritative views on the meaning of true and fair view. A true and fair view impli

Assets held for sale - audit process, Assets held for Sale - Audit Process ...

Assets held for Sale - Audit Process A non-current asset or disposal collection is classified as held for sale whether its carrying amount will be recovered principally via a

Online real time systems, List the internal controls that should be in effe...

List the internal controls that should be in effect solely because a EDP system is employed, classifing them as (1) Those controls pertaining to input of information and (2) All ot

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