Matches in DBpedia 2014 for { <http://dbpedia.org/resource/Management_assertions> ?p ?o. }
Showing items 1 to 12 of
12
with 100 items per page.
- Management_assertions abstract "International Standards on Auditing deals with audit assertion in details. ISA 315 (IDENTIFYING AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT) defines assertion as representations by management, explicit or otherwise, thatare embodied in the financial statements, as used by the auditor to consider the different types of potential misstatements that may occur.ISA 200 deals with components of audit risks that occure on the level of assertion.In a financial audit, management assertions or financial statement assertions is the set of information that the preparer of financial statements (management) is providing to another party. Bir P (1975) "Financial statements represent a very complex and interrelated set of assertions." At the most aggregate level, the financial statements include broad assertions such as "total liabilities as at 31 December are $50 million", "total revenue for the year is $9 million" and "net income for the year is $3 million". Auditors decompose these broad assertions into a detailed set of statements referred to as management assertions, separated into three categories:Transactions (Income statement):Occurrence — the transactions actually took placeCompleteness — all transactions that should have been recorded have been recordedAccuracy — the transactions were recorded at the appropriate amountsCutoff — the transactions have been recorded in the correct accounting periodClassification — the transactions have been recorded in the proper accounts Accounts balances (Balance sheet):Existence — assets, liabilities and equity balances existRights and Obligations — the entity holds or controls the rights to its assets and owes obligations to its liabilitiesCompleteness — all assets, liabilities and equity balances that should have been recorded have been recordedValuation and Allocation — assets, liabilities and equity balances are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recorded. Presentation and disclosure:Occurrence — the transactions have occurredRights and Obligations — the transactions pertained to the entityCompleteness — all disclosures that should have been included in the financial statements have been includedUnderstandability — financial statements are appropriately presented and described, and information in disclosures are clearly expressed.Accuracy and Valuation — financial and other information is disclosed fairly and at appropriate amounts.".
- Management_assertions wikiPageID "13070504".
- Management_assertions wikiPageRevisionID "603315093".
- Management_assertions hasPhotoCollection Management_assertions.
- Management_assertions subject Category:Auditing.
- Management_assertions comment "International Standards on Auditing deals with audit assertion in details.".
- Management_assertions label "Management assertions".
- Management_assertions sameAs m.02z5c78.
- Management_assertions sameAs Q17139352.
- Management_assertions sameAs Q17139352.
- Management_assertions wasDerivedFrom Management_assertions?oldid=603315093.
- Management_assertions isPrimaryTopicOf Management_assertions.