Assertions Flashcards
1
Q
3 categories
A
Account Balances
Presentation and Disclosure
Classes of Transactions and Events
2
Q
Account Balance Assertions
A
Existence
Completeness
Rights and Obligations
Valuation and Allocation
3
Q
Presentation and Disclosure
A
Occurrence Completeness Rights and Obligations Classification and Understandability Accuracy and Valuation
4
Q
Classes of Transactions and Events
A
Accuracy Occurrence Completeness Cutoff Classification
5
Q
All Assertions
A
Existence Occurrence Completeness Rights and Obligation Valuation and Allocation Accuracy and Valuation Classification and Understandibility Cutoff Classification
