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

Individual assignment, The following situations may or may not breach the e...

The following situations may or may not breach the ethical requirements of APES 110. You need to state whether they are or are not a breach of the ethical requirements of APES110 a

Strategic audit, A. Board of Directors Best Buy's Board is elected by th...

A. Board of Directors Best Buy's Board is elected by the shareholders to oversee the business and affairs of the company.  The board counsels, advises and oversees management wi

Auditor, Auditor Further point to note is which modern companies can b...

Auditor Further point to note is which modern companies can be exclusively large along with multi-national activities.  So preparing accounts for that a group becomes a widely

Describe the ethical threats, (a) State the FIVE threats contained within ...

(a) State the FIVE threats contained within Auditor's Code of Ethics and Conduct and for each threat list ONE example of a circumstance that may create the threat. (b) You a

Joint audits-advantages-disadvantages, General advantages and disadvantages...

General advantages and disadvantages of joint audits Advantages: All work and fees are welcome to audit firms. An opportunity to closely inspect the auditing methods

Examples of liabilities, Examples of Liabilities Examples of those lia...

Examples of Liabilities Examples of those liabilities are: a) Claims by employees for injury at work such should be covered through workman's compensation; b) Claims thr

Develop an audit program to identify fraud using acl, You are auditing Pell...

You are auditing Pell grant provided to students at six state universities. The Pell grant program is a federal financial aid program for college students. The maximum grant a stud

audit evidence, Determinants of amount of audit evidenc

Determinants of amount of audit evidence

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

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