meaning of word assertion
Bhanu (hyderabad) (1653 Points)
19 June 2019
what is the meaning of the word assertion in auditing????
3 Replies
Kutty Dhanush
(other)
(317 Points)
Replied 19 June 2019
Assertion in simple terms means the claims made by management with respect to recognition , measurement and presentation of various elements such as assets, liabilities, income, expense in preparation of financial statements
Read more at: https://www.caclubindia.com/forum/assertion-meaning-in-auditing-508110.asp
Read more at: https://www.caclubindia.com/forum/assertion-meaning-in-auditing-508110.asp
Assertion in simple terms means the claims made by management with respect to recognition , measurement and presentation of various elements such as assets, liabilities, income, expense in preparation of financial statements
Read more at: https://www.caclubindia.com/forum/assertion-meaning-in-auditing-508110.asp
Read more at: https://www.caclubindia.com/forum/assertion-meaning-in-auditing-508110.asp
Assertion in simple terms means the claims made by management with respect to recognition , measurement and presentation of various elements such as assets, liabilities, income, expense in preparation of financial statements; i.e. appropriateness of the various elements of financial statements and disclosures
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