Page 8 - Auditinf Electronic System

Appropriateness Sufficiency

1. Is a measure of the quality of the 1. Is a measure of the quantity of

evidence gathered evidence obtained

2. It measured by it’s relevance to 2. It is measured by the amount of

the assertion tested sample size selected by the auditor.

8. What are the management Assertions? And which assertion relates to
specific audit objective?

Are implied or expressed representations by management, about classes of

transactions and the related account balances and disclosures in the financial

statements.

Assertions about Assertions about Assertions about
Classes of transactions Account balances Presentation and

and events Existence: disclosure
assets, liabilities, and Occurrence and rights
Occurrence: equity interests exist. and obligations:
transactions and events Disclosed events and
that have been recorded transactions have
have actually occurred occurred and pertain to
the entity.
Completeness: Completeness:
all transactions all assets, liabilities, Completeness:
and events that and equity interests all disclosures that
happened have been That should have been should have been
recorded recorded have been included in the financial
recorded. statements have been
Accuracy: included.
amounts and other data Valuation and
allocation: Accuracy and
relating to recorded valuation:
transactions and events assets, liabilities, and
equity included in the Financial and other
have been recorded financial statements at information is disclosed
appropriately.
appropriate Appropriately and at
amounts and any appropriate amounts.
resulting valuation

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‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬