AUE2602 STUDY NOTES 2022

AUE2602 STUDY NOTES 2022 Last document update:   ago

Assertions are categorized as follows: • assertions about classes of transactions and events for period under audit e.g. sales, interest received • assertions about account balances at year-end e.g., accounts receivable, property, plant and equipment • assertions about presentation and disclosure e.g., notes that support Statement of Financial Position account headings, contingent liabilities Transactions and events: • Occurrence – have all occurred and pertain to the entity ...