How do management assertions relate to financial statements, Auditing

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How do management assertions relate to financial statements

Response to the following questions:

1. Explain why the auditor divides the financial statements into components or segments in order to test management's assertions.

2. How do management assertions relate to the financial statements?

3. 3 List and define the assertions about classes of transactions and events for the period under audit.

If possible, please give examples to better understand your answers.

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Auditing: How do management assertions relate to financial statements

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Auditing: How do management assertions relate to financial statements

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