some says its sec 227....i.e. auditors duty while other says its sumthng related to sustantive procedures assertions...... so plz clearify....
as i hv also wrtn sec 227.....
Kunal (Risk Analyst) (299 Points)
27 July 2009
SANKAR KIRAN P
(Top Edge of CA & CS)
(246 Points)
Replied 28 July 2009
That question relates to AAS 6 "Risk Assessment and Internal Control" .. go through the PCC Auditing standards book issued by ICAI .... its about substantive procedures and specific assertions to be made by auditors while in audit..
Krishna Killa
(Student)
(70 Points)
Replied 01 August 2009
go through page 2.6 & page 2.7 of our audit main book(i mean the thich one)
the have given in details about assertions with examples. i suppose that may be the answer