Assertions are not relevant to an audit because they relate to the auditor and financial statements are management's responsibility instead of the auditor's.

Question

Quizplus · Accepted Answer

Assertions are a fundamental part of auditing and are used by auditors to evaluate whether the financial statements are fairly presented. While it is indeed management's responsibility to prepare the financial statements, the auditor's role is to provide an opinion on the accuracy and completeness of those statements. Assertions help the auditor to assess the risk of material misstatement, design audit procedures, and evaluate the sufficiency and appropriateness of the evidence obtained.

Assertions Are Not Relevant to an Audit Because They Relate