Why are the financial statements referred to as the embodiment of managements assertions about the financial results
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Why are the financial statements referred to as the embodiment of “management’s assertions” about the financial results of a company? What does the concept of management assertions imply regarding
(a) management’s responsibility for the financial statements and
(b) the auditor’s responsibility for the financial statements?
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Related Book For
Auditing Concepts For A Changing Environment With IDEA Software
ISBN: 9780324180237
4th Edition
Authors: Larry E. Rittenberg, Bradley J. Schwieger
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