How to Remember The Audit Assertions (CPA)

#TheAuditAssertions #AuditAssertions #CPAAuditAssertions
The audit assertions.

An accounting review playlist compiled for your convenience:
youtube.com/playlist?list=PLICRF8uqmBZlAG-R9lXp…

5 audit assertions for income statement accounts:
“the Transaction occurs with complete class and accurate cut”
1. Occurrence
2. Completeness
3. Classification
4. Accuracy
5. Cut-off

4 audit assertions for balance sheet accounts:
“the Balance exists completely with rights and value”
1. Existence
2. Completeness
3. Rights and Obligations
4. Valuation and Allocation

Music: Erik Lund - Summertime (Vlog No Copyright Music)


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