Management assertions – Audit (please help)

  • Creator
    Topic
  • #175444
    Tia
    Member

    I am finding it difficult to answer questions that relate to the assertions. Can someone please give a brief explanation so I may better understand them? I thought I was fine with it but I keep getting the questions wrong.

    FAR 83
    AUD 87
    REG 82
    BEC score pending

Viewing 2 replies - 1 through 2 (of 2 total)
  • Author
    Replies
  • #391455
    redox1100
    Participant
    #391456
    spongfunk
    Member

    One thing that helped me was in the back of my mind to say to myself “management takes responsibility for pretty much everything”. While that is vague and not entirely true it helped me with mulitple choice. If a question came down to “does managanement have to take responsibility for that” the answer was usually yes.

    FAR: 85
    AUD: 80
    REG: 78
    BEC: 82

Viewing 2 replies - 1 through 2 (of 2 total)
  • The topic ‘Management assertions – Audit (please help)’ is closed to new replies.