F8

Card Set Information

Author:
jonochall
ID:
186085
Filename:
F8
Updated:
2012-11-29 14:19:03
Tags:
F8 Audit Procedures
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Description:
Assertions
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  1. Name the 8 management assertions for the financial statements
    • Completeness
    • Accuracy
    • Cut-off

    • Classification & understandibility
    • Occurance
    • Valuation & allocation
    • Existence
    • Rights & obligations
  2. Which assertions answer the question: "Should it be in the FS?"
    C.O.R.E.

    • Cut-off
    • Occurance
    • Rights & obligs
    • Existence
  3. Which assertions answer the question: "Is it included at the correct value?"
    • Accuracy
    • Valuation
  4. Which assertions answer the question: "Are there more?"
    Completeness
  5. Which assertions answer the question: "Is it properly disclosed?"
    • Allocation
    • Understandibility
  6. Which assertions affect the IS?
    C.A.C.O.C

    • Completeness
    • Accuracy
    • Cut-off
    • Occurence
    • Classification
  7. Which assertions affect the SFP?
    C2 R.E.V

    • Completeness
    • Classification
    • Rights & obligs
    • Existence
    • Valuation & allocations

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