Changes to Assertions in Audit International 20.00
Jun 06th, 2018
Affected version: Audit International 20.00
In Audit International 20.00, we’ve made the following modifications to template and client files.
The default assertions in Audit International 19.00 and earlier are:
C - Completeness, E - Existence, A - Accuracy and V - Valuation
As of 20.00, we’ve changed these to:
C - Completeness, E - Existence, A/V - Accuracy/Valuation, PD - Presentation
Impact on client files
The following will need to be done in client files :
- Review risks to add any linkage to AV or PD as required.
- Complete risk assessments for AV and PD.
- Review control matrix assessments for AV and PD.
- Review any engagement specific procedures for linkage to AV and PD if needed.