2/24/25 ACCT 4290 – Auditing Smith
Chapter 5
Learning objectives 1-5
PowerPoint Slides 1-22
Management Assertions about classes of transactions and events and related
disclosures for the period under audit:
Occurrence
Completeness
Authorization
Accuracy
Cutoff
Classification
Presentation
Management assertions about account balances and related disclosures at
the period end:
Existence
Rights and obligations
Completeness
Accuracy, valuation, and allocation
Classification
Presentation
Chapter 5
Learning objectives 1-5
PowerPoint Slides 1-22
Management Assertions about classes of transactions and events and related
disclosures for the period under audit:
Occurrence
Completeness
Authorization
Accuracy
Cutoff
Classification
Presentation
Management assertions about account balances and related disclosures at
the period end:
Existence
Rights and obligations
Completeness
Accuracy, valuation, and allocation
Classification
Presentation
