In this video we have talked about the assertion in audit that an auditor has to ensure while he is doing the substantive testing. Ensuring assertion is the most important part of the audit. We have divided our assertion into the two parts. First one is Assertion of Profit and loss and the second one is assertion of balance sheet.
Further the assertion of profit and loss has been divided into the 5 assertions.
------- Time stamp -----
00:00 Introduction
02:54 PL Assertion Intro
03:43 PL Completness
07:48 PL Occurence
09:51 PL Accuracy
12:10 PL Cut off
17:58 PL Presentation & Disclosure
20:02 BS Assertion Intro
20:11 BS Existence
22:57 BS Completness
24:33 BS Valuation
25:25 BS Rights & Obligation
26:27 BS Presentation & DIsclosure
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Негізгі бет What is audit assertion | How to do substantive testing in audit | How to ensure assertion in audit
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