Explain the importance of management assertions as a framework for identifying risk and performing an audit. Define

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Explain the importance of management assertions as a framework for identifying risk and performing an audit. Define each of the following assertions and give an example of each:

• Existence or occurrence

• Completeness e Rights or obligations

• Valuation or allocation

• Presentation and disclosure

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Auditing Concepts For A Changing Environment With IDEA Software

ISBN: 9780324180237

4th Edition

Authors: Larry E. Rittenberg, Bradley J. Schwieger

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Question Posted: May 07, 2024 05:00 AM

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Explain the importance of management assertions as a framework for identifying risk and performing an audit. Define

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Auditing Concepts For A Changing Environment With IDEA Software

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