Question:Assume that you are an auditor of a company.Explain any THREE categories of assertions thatyou will be testing when auditing the financialstatements of the company.You are required to:(ii.) List the category of assertions (3 assertions)along with the element of financial statement thatwill be checked.

1. Transactions level assertions 2.Account Balance Assertions 3.Presentation and Disclosure…

Answered: (ii.) List the category of assertions…

(ii.) List the category of assertions (3 assertions) along with the element of financial statement that will be checked.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter2: Audits Of High-risk Accounts

Section2.7: Bankrate, Inc.

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Step 4 Presentation and disclosure Assertions

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