会计审计专业英语 (21)

Assertions related to valuation or allocation deal with whether assets, liabilities, equities, revenues and expense accounts have been included in the financial statements at appropriate amounts.
21-1 Management Assertions
Management assertions are implied or expressed representations by management about classes of transactions and the related accounts in the financial statements. Management assertions are directly related to applicable accounting standards. These assertions are part of the criteria that management uses to record and disclose accounting information in financial statements.
21-1 Management Assertions
Existence or occurrence assertions state that an asset or liability actually
exist or that recorded transactions have actually accurred during the period.
Overstatement
21-1 Management Assertions
The assertions related to rights and obligations deal with ownership and the rights of usage that are associated with an asset as well as the obligations that arise in conjunction with a liability.
Disclosure and presentation assertions deal with whether components of
the financial statements are properly combined or separated, described, and disclosed.
Unit 21 Audit Objectives
Learning Objectives
After studying this unit, you should be able to:
1. Define management assertions. 2. Identify the five categories of management assertions and explain each of them. 3. Define overall audit objective, general audit objectives and specific audit objectives.
4. Describe the determination of audit objectives.
Key Terms
management assertions existence or occurrence completeness (完整) (权利与义务) (计价与分摊) (披露与列报) (财务认定) (存在或发生)
21-1 Management Assertions
A key point to keep in mind is that these assertions don't necessarily correspond directly with a specific statement made by the provider of information. Some of these assertions may only be implied by the information provided.
Completeness assertions state that all assets, liabilities or transactions have
been properly identified and recorded.
The existence or occurrence assertion is concerned with inclusion of amounts that should not have been include. The completeness assertion is concerned with the possibility of omitting items from the financial statements that should have been included. Understatement
rights and obligations valuation or allocation
disclosure and presentation overall objective
(审计总目标) (一般审计目标) (项目审计目标)
general audit objectives specifΒιβλιοθήκη Baiduc audit objectives
There are five broad categories of assertions: existence or occurrence, completeness, rights and obligations, valuation or allocation, disclosure and presentation.