Changes to Assertions in Audit International 20.00

Jun 06th, 2018

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
  • V - Valuation

As of 20.00, we’ve changed these to:

  • - Completeness
  • - Existence
  • A/V - Accuracy/Valuation
  • PD - Presentation

To ensure your files are not negatively affected by this change, complete the following tasks:

  • 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.

Comuníquese con su distribuidor local