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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Director emoluments
Question is identify and explain the assertions which present the greatest audit risk in the audit of this
1. Under local legislation, squash mush publish details of payments made to fire actors during the year in the FS, broken down into details of salary, bonuses and other payments.
Answer in book is- presentation/accuracy/completeness
Doubt- why can’t be existence?
Look at Chapter 16 – existence is an assertion that relates only to balances (i.e. assets/liabilities/equity). If you were looking for anything else it would be occurrence.