Audit Management's Assertion

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  • #195135
    kbito
    Member

    Hello,

    I am hitting a low point becoming emotionally distressed studying and trying to understand Management’s Assertion.

    Regardless of how long I study and try to identify ways to distinguish between various assertions, I always end up mixing up assertions, especially those that I believe ties to multiple assertions.

    For those who do well in this section, can you please give me ideas on how to combat these problems?

    Greatly appreciate it.

    Aud-61, 7/13
    BEC-72,80
    REG-68, 8/10
    FAR-78

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  • #676007
    okcpa2015
    Participant

    Step one is deciding which of the three classes of assertions the question is asking for. From there you have only a limited amount of options to choose from.

    Oh… also remember that “Cut-Off” test are the the Completeness Assertion… form some reason I struggled with that.

    FAR - 91
    REG - 88
    AUD - 98
    BEC - 88

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