Which of the following is NOT one of the five broad categories of assertions, as adapted from ASA 315?
A) existence or occurrence
B) presentation and disclosure
C) valuation or allocation
D) general or specific transaction objectives

Question

Quizplus · Accepted Answer

The five broad categories of assertions are existence or occurrence, completeness, accuracy, valuation or allocation, and rights and obligations. General or specific transaction objectives are not a category of assertions.

Which of the Following Is NOT One of the Five