An auditor is concerned about various assertions while obtaining audit evidence for conduct of an audit....

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An auditor is concerned about various assertions while obtaining audit evidence for conduct of an audit....

An auditor is concerned about various assertions while obtaining audit evidence for conduct of an audit. What are those various assertions that the auditor is concerned about.

business accounting

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Answer 1

Answer #1

The following are the seven assertions to be considered while obtaining audit evidence:

1) Existence

2) Valuation

3) Completeness

4) Occurrence

5) Rights and obligations

6) Measurement

7) Presentation and disclosure.

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Answer 2

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An auditor is concerned about various assertions while obtaining audit evidence for conduct of an audit....

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