Which assertions do inspection of board minutes confirm?

Former user6y ago

I see many of this as suggested audit procedures, eg "inspect board mintues for approval of acquisition" What does this confirm in both SOPL and SOFP assertions? Occurence and existence?

KimTutor6y ago#1

Principally occurrence - see my answer here https://opentuition.com/topic/question-on-substantive-procedure/ Existence of an asset would need physical inspection or external confirmation.

Former user6y ago#2

thank you :)

KimTutor6y ago#3

You're welcome!

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