What are the six Assertions related to Account Balances? (PACCER)

1. Existence—Related to the validity of recorded items. 2. Completeness—Related to omissions of amounts that should have been recorded. 3. Rights and Obligations—Related to any restrictions to the entity's rights to their assets or to the obligations for their liabilities. 4. Accuracy, Valuation, and Allocation—Related to the appropriateness of dollar measurements. 5. Classification—Related to the use of appropriate accounts for the financial statement elements. 6. Presentation—Related to the appropriate level of aggregation of financial statement elements and the appropriate disclosures associated with them.