Explain the meaning of the term assertion and list four assertions about classes of transactions and four
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Explain the meaning of the term ‘assertion’ and list four assertions about classes of transactions and four relating to account balances.
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In the context of accounting and auditing an assertion refers to the claims made by the management regarding the accuracy and completeness of financia...View the full answer
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Related Book For 
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
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