-- User --

Associating Assertions and Business Cycles to an FSA


  1. From the Areas menu, ensure that Relevant Assertions and Business Cycle columns are visible.

    Note: Audit defaults with four assertions: Completeness, Existence, Accuracy, and Valuation. The firm Author may change or include other assertions that are relevant to the engagement.

  2. Assess the related assertions. If you need to change the assertions, right-click the FSA item and select Change Assertions. Select the applicable assertions for the FSA item.
  3. To associate a business cycle to an FSA item, simply click the icon in the Business Cycle column and select the applicable cycle.


  • If an associated assertion is updated, a warning will display when the FSA document is opened to advise you to review the assertions.
  • You can add new business cycles by:
    1. Clicking icon from the toolbar.
    2. Click Add.
    3. Type the new description for the process and an appropriate abbreviation.
    4. Click OK. Ensure that the abbreviation given is unique – you will get a warning to select an alternative abbreviation if a duplicate abbreviation is used.
    5. (Optional) Click and select/deselect to attach a relevant control matrix or walk-through documents to the business cycle.
  • To delete a business cycle, select the cycle to be deleted and click Delete.