Auditing and Assurance: Concepts and Application 1

Audit of investment
Auditing and Assurance: Concepts and Application 1

Management assertions on
investment
- Presentation and disclosures
- Existence and occurrence
- Rights and obligations
- Completeness and cut-off
- Valuation, Allocation & Accuracy
Auditing and Assurance: Concepts and Application 1

Management assertions on Audit Objectives

investment Determine whether investment
- Presentation and disclosures
are presented in accordance with
- Existence and occurrence
the applicable accounting and
- Rights and obligations
- Completeness and cut-off reporting standards
- Valuation, Allocation & Accuracy
Auditing and Assurance: Concepts and Application 1

Management assertions on Audit Objectives

investment
- Presentation and disclosures
- Existence and occurrence
- Rights and obligations
- Completeness and cut-off
- Valuation, Allocation & Accuracy
Determine whether the
investment balance at year-end
exists and related transaction
occurred
Auditing and Assurance: Concepts and Application 1

Management assertions on Audit Objectives

investment
- Presentation and disclosures
- Existence and occurrence
Determine whether all investment
- Rights and obligations presented are accounts under the
- Completeness and cut-off client
- Valuation, Allocation & Accuracy