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  1. Avatar of gromit says

    Reeceivables circularisation does not help much with valuation. If I couldn’tpay someone, I might reply positively to a circ so as not to raise their suspicions.

    Accuracy is not an assertion for account balances, ans no-one has ever been able to explain why to me. However,accuracy is an assertion relevant to presentation, and I therefore I believe it is ultimately important for account balances.

  2. avatar says

    Hello can i ask something. Is receivable Circularisation checks also Valuation assertion?? Because in the lecture it says it checks existence and accuracy but accuracy is not an assertion for Account Balances , Valuation is……

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