Changes to Assertions in Audit International 20.00
Published: June 06, 2018
Affected version(s): Audit International 20.00 and higher
Updates
In Audit International 20.00, we've made the following updates 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:
- C - Completeness
- E - 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.
