Document the audit response to assessed risks

Work programs also include assertions. Assertions are implicit or explicit claims and representations regarding the appropriateness of various elements. For example:

Analytical procedures includes the following assertions:

• C—Completeness

• E—Existence

• AV—Accuracy and Valuation

• P— Presentation & Disclosure

To edit the assertions for a specific procedure:

1. Select Edit (), then select the assertions beside the procedure. The Procedure addresses the following assertions dialog displays.

   

2. Select the checkboxes for the assertions that apply to the procedure.

To learn more, see Add assertions in procedures.