Page 9 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 9 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونيةAppropriateness Sufficiency1. Is a measure of the quality of the evidence gathered 2. It measured by it’s relevance to the assertion tested 1. Is a measure of the quantity of evidence obtained 2. It is measured by the amount of 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 Classes of transactions and eventsAssertions about Account balancesAssertions about Presentation and disclosureOccurrence: transactions and events that have been recorded have actually occurredExistence:assets, liabilities, and equity interests exist.Occurrence and rights and obligations: Disclosed events and transactions haveoccurred and pertain to the entity.Completeness: all transactions and events thathappened have been recordedCompleteness:all assets, liabilities, and equity interests That should have been recorded have been recorded.Completeness:all disclosures that should have been included in the financial statements have been included.Accuracy: amounts and other datarelating to recorded transactions and events have been recorded appropriately.Valuation and allocation:assets, liabilities, and equity included in the financial statements at appropriateamounts and any resulting valuationAccuracy and valuation:Financial and other information is disclosed Appropriately and at appropriate amounts.