assertion meaning in auditing


Sai Kumar   24 March 2019

Sai Kumar

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what is meant by ASSERTION?

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Sahil Jain (DISA, CA) (Practicing Chartered Accountant )     24 March 2019

Sahil Jain (DISA, CA)
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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

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Vishesh Surana   24 March 2019

Vishesh Surana

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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.

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