Which of the following is not one of the three categories of assertions?
A)Assertions about classes of transactions and events for the period under audit
B)Assertions about financial statements and correspondence to GAAP
C)Assertions about account balances at period end
D)Assertions about presentation and disclosure

Question

Quizplus · Accepted Answer

The three categories of assertions are assertions about classes of transactions and events for the period under audit, assertions about account balances at period end, and assertions about presentation and disclosure. Assertions about financial statements and correspondence to GAAP are not a separate category, but rather a component of the other categories.

Which of the Following Is Not One of the Three