Hello
Can anybody help me in this,
What is the meaning of assertion,as it is used in auditing book again and again, but i dont know what exactly is assertion in the terms of audit, as used in chapter 2 in study material CA Final, under heading Formulating an audit programme, i.e. Assisstants should be able to identify the assertions made in the Balance Sheet and Profit & Loss Account because that provides key to the auditor's selection of the procedures.
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Auditing Query CA Final
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keep waiting coz i dont hve a reply..
Hi
Assertion means a statement or declaration without any evidence or support made.
There are some assumption (declaration) used at the time of making Profit and loss Account, Balance sheet or any other statement and these assumption are termed as assertions in Auditing.
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thnks rishi ...
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