Balance Sheet In Microsoft Word
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knowing Audit Assertions and Why They’re important
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Magnifying glass with focus on the word audit written in golden letters and different accounting words over black background.
Assertions are claims made by using company owners and executives that the suggestions blanketed in enterprise monetary statements — corresponding to a balance sheet, revenue remark, and remark of cash flows — is accurate. These assertions are then tested through auditors and CPAs to assess their accuracy.
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An audit assertions graph displaying a considerable number of classes.