Evidence and Documentation

Question 1

Management Assertions

Answer 1

Balances, Transaction, Presentation and Disclosure

Question 2

Mgmt. Assertions for Balances include:

Answer 2

rights and obligations, existence, completeness, valuation

Question 3

Mgmt. Assertions for Transactions include:

Answer 3

Occurrence, completeness, accuracy, classification, cutoff

Question 4

Mgmt. Assertions for Presentation and Disclosure Include:

Answer 4

Rights and obligations, occurrence, completeness, accuracy, classification/understandability
ity