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What is the financial statement and assertion level in simple terms and which one comes first when carrying out an audit. what are the assertions in the audit please help.
Think of assertion level as ensuring each of the individual figures on the financial statements are ok. FS level is ensuring the FS as a whole are true and fair.
There is lots of material on this site covering what the assertions are. See https://opentuition.com/acca/f8/f8-financial-statement-assertions-and-audit-evidence/
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