Changes to Assertions in Audit International 20.00

Published: June 06, 2018

Affected version(s): Audit International 20.00 and higher


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.

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