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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › occurrence assertion
audit procedure:
For a sample of new additions in the non current asset register , agree to board minute or similar documentation for evidence of authority to purchase vehicle.
the examiner has classified this as occurrence assertion.
i cannot relate.
if a procedure confirms a account entry has occurred or not, then we can say it as occurrence assertion. (my understanding)
how the above procedure is occurrence assertion?
You expect material additions of NCA’s to have been discussed and authorised by the board. If it has not been discussed has the transaction really happened or is it simply an incorrect entry something like CR Sales, Dr Non-current assets?