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

Question

Quizplus · Accepted Answer

The assertion of occurrence relates to the occurrence of transactions and events, not to the presentation and disclosure of information in financial statements. Completeness, classification and valuation, accuracy and valuation are all presentation and disclosure assertions.

Olga Chevalier, CPA Was Reviewing Presentation and Disclosure Assertions for AthabasOil