List five main assertions that can be used in practice, and give an example of each assertion

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List five main assertions that can be used in practice, and give an example of each assertion for these accounts/transactions: Cash, Accounts Payable, Revenues.

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Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jun 20, 2019 10:16 AM

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List five main assertions that can be used in practice, and give an example of each assertion

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The five main assertions are existence completeness ownership valuation and presentation For Cash an account balance the five assertions are The cash ...View the full answer

Auditing An International Approach

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