- This topic has 1 reply, 2 voices, and was last updated 1 year ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
What is the difference between valuation assertion and accuracy assertion and how to identify it
SEE in Chapter 16 – the difference between:
– “accuracy” for transactions and events – “amounts have been recorded appropriately … ” and
– “accuracy, valuation (and allocation)” for balances – “assets, liabilities and equity interests are included at appropriate amounts and any resulting valuation (or allocation) adjustments are
appropriately recorded … “.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.