Olga Chevalier, CGA was reviewing presentation and disclosure assertions for Athabasca Oil Sands. Which one of the following would not be a presentation and disclosure assertion?

Question

Quizplus · Accepted Answer

Occurrence is not a presentation and disclosure assertion. It is a transaction assertion, which relates to whether recorded transactions actually occurred and pertain to the entity. The other assertions - completeness, classification and valuation, and accuracy and valuation - are all related to the presentation and disclosure of financial information.

Olga Chevalier, CGA Was Reviewing Presentation and Disclosure Assertions for Athabasca