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Classification: adjustments are Classification and
transactions and events correctly recorded. understandability:
have been recorded in Classification: Financial and other
the proper accounts. assets, liabilities, and information is
equity recorded in the appropriately presented
Cutoff: proper accounts. and described and
transactions and events disclosures are clearly
have been recorded in Cutoff: expressed.
the correct accounting assets, liabilities, and
period. equity accounts in the
correct accounting
period.
Rights and obligations:
the entity holds or
controls the rights to
assets, and liabilities
are the obligation of the
entity.
N.B: Management assertions are directly related to the applicable financial
reporting framework used by the company (usually U.S. GAAP or IFRS), as they
are part of the criteria that management uses to record and disclose accounting
information in financial statements
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جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية
