Question
Now that you have identified the revenue-related internal control that relates to the five assertions (existence, completeness, accuracy or valuation, rights and obligations, and presentation
Now that you have identified the revenue-related internal control that relates to the five assertions (existence, completeness, accuracy or valuation, rights and obligations, and presentation and disclosure), the test of controls will need to be identified for each assertion and internal control. For this assignment, you will write and submit 400-500 words that set specific tests of internal controls for the 5 internal controls related to management assertions that you identified (existence, completeness, accuracy or valuation, rights and obligations, and presentation and disclosure). Please help with this. I am not sure if the instructor is just asking for information about the assertions or if I should actually be coming up with the tests for each assertion.
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