Management Assertion Workpapers (Memo P- 13) Now that you have taken part in much of the planning work for the Eagle View engagement, Ms. Crawford is curious to know if you can summarize your work as it relates to specific accounts and processes. Write a memo (P 13) that identifies the specific management assertions for each of the account categories on the income statement and balance sheet and the related key risks. - You may focus first on either transaction processes or accounts. However, you will need to address both sets of assertions. - As an example, the first assertion for the first account category is described below. You may use this as a guide to the remaining assertions for Cash as well as the other accounts. You may use the tables in your textbook as a guide to the management assertions and Wiley's GAAS Guide for AU-C 330 Performing Audit Procedures in Response to Assessed Risks example at the end of the section. Account / Applied Assertion transaction Assertion Cash The cash listed on the The cash has been stolen balance sheet is actually or purposely overstated on hand or in a bank. to hide a weak financial position