Explain how the following transaction assertions are related to the account balance assertions: Transaction Assertions Account Balance

Question:

Explain how the following transaction assertions are related to the account balance assertions:
Transaction Assertions Account Balance Assertions
a. Cutoff .............. Existence and Completeness
b. Classification ............. Existence and Completeness
c. Accuracy ............. Valuation and Allocation

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

Question Posted: