AUD Prep: AICPA:

There are six assertions about classes of transactions and events during the period (and related disclosures), what are they?

*AICPA standards apply to non-issuers*

Question

AICPA:

There are six assertions about classes of transactions and events during the period (and related disclosures), what are they?

*AICPA standards apply to non-issuers*

Monique Tyler · Accepted Answer

TRIPLE C - PAO (acronym)

1. Cutoff
2. Completeness
3. Classification
4. Presentation
5. Accuracy
6. Occurrence

AICPA: There are six assertions about classes of transactions and events during the period (and related disclosures), what are they? AICPA standards apply to non-issuers