Auditing & Assurance Services 6th Edition by Timothy Louwers

تمرين 42

Management Assertions. Your audit manager has asked you to explain the PCAOB Assertions by using an account on the balance sheet at your audit client. For the accounts receivable account, please define each of the PCAOB assertions, using the accounts receivable account as a way to illustrate each assertion. You are encouraged to reference Exhibit 1.5 to help you answer this question.
EXHIBIT 1.5 Management Assertions