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Sahil Jain (DISA, CA) (Practicing Chartered Accountant ) 24 March 2019
Assertion in simple terms means the claims made by management with respect to recognition , measurement and presentation of various elements such as assets, liabilities, income, expense in preparation of financial statements
Vishesh Surana 24 March 2019
Audit Assertions are the implicit or explicit claims and representations made by the management responsible for the preparation of financial statements regarding the appropriateness of the various elements of financial statements and disclosures.