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.

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