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The International Organisation of Supreme Audit Institutions (INTOSAI) deals with the auditor`s responsibility to design and perform audit procedures in pursuit of gathering audit evidence

The International Organisation of Supreme Audit Institutions (INTOSAI) deals with the auditor`s responsibility to design and perform audit procedures in pursuit of gathering audit evidence in an audit of financial statements. Audit evidence comprise both information that supports and corroborates management`s assertions and any information that contradicts such assertions.


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With the aid of examples, discuss the major assertions that may be made or implied by the management for the purposes of an audit

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