AUD 3 Internal Control 3 Flashcards
Internal Control
There are several ass____ns, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which ov____p one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to E___ts and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Tr_______ns that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the pe____ of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occ___ed during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of au___,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s i_______ statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income st________t (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally pre____ed on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into 3 categories.
The first 5 assertions relate to Events and Transactions that occurred during the period of audit,
as generally presented on an entity’s income statement (CPA-CO).
Internal Control
There are several assertions, some of which overlap one another, classified into three cat_____es. The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
- Accuracy – The events or transactions have been reported in the appropriate amounts.
- Classification – All events and transactions are included in appropriate accounts or categories.
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
There are several assertions, some of which overlap one another, classified into three categories. The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
- Accuracy – The events or transactions have been reported in the appropriate amounts.
- Classification – All events and transactions are included in appropriate accounts or categories.
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
There are several assertions, some of which overlap one another, classified into three categories. The first 5 assertions relate to Events and Transactions that occurred during the pe___d of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
There are several assertions, some of which overlap one another, classified into three categories. The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the e____y that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All e____s or transactions pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or tr________ns pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that oc____ed.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Co_______ess – All events or transactions pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – A__ events or transactions pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been re____ed in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the app________ period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate pe____ (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the r____ Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Ev_______g is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is re____ed in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Pe____ Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cut___ – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All ev___s and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period C___ff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or transactions have been reported in the appropriate am___ts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or transactions have been reported in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or transactions have been reported in the app_______ amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or transactions have been reported in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or transactions have been re____ed in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or transactions have been reported in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Acc___cy – The events or transactions have been reported in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or transactions have been reported in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The e____s or transactions have been reported in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or transactions have been reported in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or tr_________s have been reported in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Accuracy – The events or transactions have been reported in the appropriate amounts.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and transactions are included in appropriate acc____s or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and transactions are included in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and transactions are included in appropriate accounts or ca_____ies.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and transactions are included in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Cla________n – All events and transactions are included in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and transactions are included in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – A__ events and transactions are included in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and transactions are included in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and transactions are in___ed in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and transactions are included in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and tra_______ns are included in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Classification – All events and transactions are included in appropriate accounts or categories.
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The e___t or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which per____s to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which pertains to the e____y, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which pertains to the entity, did oc___ (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occ_______e – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which pertains to the entity, did occur (It ha____ed).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s i______ statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
- Accuracy – The events or transactions have been reported in the appropriate amounts.
- Classification – All events and transactions are included in appropriate accounts or categories.
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
- Accuracy – The events or transactions have been reported in the appropriate amounts.
- Classification – All events and transactions are included in appropriate accounts or categories.
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions occurred.
- Period Cutoff – All events and transactions are reported in the right Period.
- Accuracy – The events or transactions have been reported in the appropriate amounts.
- Classification – All events and transactions are included in appropriate accounts or categories.
- Occurrence – The event or transaction did occur
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness – All events or transactions pertaining to the entity that occurred.
- Period Cutoff – All events and transactions have been reported in the appropriate period (Everything is reported in the right Period).
- Accuracy – The events or transactions have been reported in the appropriate amounts.
- Classification – All events and transactions are included in appropriate accounts or categories.
- Occurrence – The event or transaction, which pertains to the entity, did occur (It happened).
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions relate to Events and Transactions that occurred during the period of audit, as generally presented on an entity’s income statement (CPA-CO).
They are:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Com______ss
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Per___ Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Period Cut___
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Ac____cy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Class_______n
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occ______e
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
- C__________
- P_____ C_____
- A_______
- C__________
- O_________
Internal Control
The first 5 assertions:
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 ass______s:
CPA-CO
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
The first 5 assertions:
CPA-CO
- Completeness
- Period Cutoff
- Accuracy
- Classification
- Occurrence
Internal Control
Just remember that if all revenue and expenses are properly re___ed, the CPA-CO will have no problem preparing your taxes.
Internal Control
Just remember that if all revenue and expenses are properly reported, the CPA-CO will have no problem preparing your taxes.
Internal Control
Just remember that if all re____e and expenses are properly reported, the CPA-CO will have no problem preparing your taxes.
Internal Control
Just remember that if all revenue and expenses are properly reported, the CPA-CO will have no problem preparing your taxes.
Internal Control
Just remember that if all revenue and ex____es are properly reported, the CPA-CO will have no problem preparing your taxes.
Internal Control
Just remember that if all revenue and expenses are properly reported, the CPA-CO will have no problem preparing your taxes.
Internal Control
The next 4 ass______s relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations – The entity has rights to those items reported as assets and liabilities are the obligations of the entity (they are ours).
- Allocation and Valuation – All assets, liabilities, and equity related items are reported in amounts that are appropriate as of the date of the financial statements (Amount is correct).
- Completeness – All assets, liabilities, and equity that should have been reported are included on the financial statement.
- Existence – Assets, liabilities, and equity reported on the financial statements exist as of the financial statement date (They are real).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations – The entity has rights to those items reported as assets and liabilities are the obligations of the entity (they are ours).
- Allocation and Valuation – All assets, liabilities, and equity related items are reported in amounts that are appropriate as of the date of the financial statements (Amount is correct).
- Completeness – All assets, liabilities, and equity that should have been reported are included on the financial statement.
- Existence – Assets, liabilities, and equity reported on the financial statements exist as of the financial statement date (They are real).
Internal Control
The next 4 assertions relate to Acc____ Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Ba______s, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, am___ts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts re____ed as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the d___ of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the ba_____ sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sh___ (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the fi_______ statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
They are:
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The e____y has rights to those items reported as assets and liabilities are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations
- Allocation and Valuation
- Completeness
- Existence
• Rights and Obligations – The entity has rights to those items reported as assets and liabilities are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has r____ts to those items reported as assets and liabilities are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has rights to those items reported as assets and liabilities are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has rights to those items re___ed as assets and liabilities are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has rights to those items reported as assets and liabilities are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has rights to those items reported as as___s and liabilities are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has rights to those items reported as assets and liabilities are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has rights to those items reported as assets and lia____ies are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has rights to those items reported as assets and liabilities are the obligations of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has rights to those items reported as assets and liabilities are the obli____ns of the entity (they are ours).
Internal Control
The next 4 assertions relate to Account Balances, amounts reported as of the date of the financial statements, as generally presented on the balance sheet (RACE).
- Rights and Obligations – The entity has rights to those items reported as assets and liabilities are the obligations of the entity (they are ours).
