assertions

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question:
Assume that you are an auditor of a company.
Explain any THREE categories of assertions that
you will be testing when auditing the financial
statements of the company.
You are required to:
(iii.) Explain in detail the procedure adopted for
collecting the audit evidence that you have
mentioned in relation to question no.
Transcribed Image Text:Question: Assume that you are an auditor of a company. Explain any THREE categories of assertions that you will be testing when auditing the financial statements of the company. You are required to: (iii.) Explain in detail the procedure adopted for collecting the audit evidence that you have mentioned in relation to question no.
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