Syllabus D1

Financial Statement Assertions And Audit Evidence ^{1 / 6}

a) Explain the assertions contained in the financial statements about:
(i) Classes of transactions and events and related disclosures;
(ii) Account balances and related disclosures at the period end;

b) Describe audit procedures to obtain audit evidence, including inspection, observation, external confirmation, recalculation, re- performance, analytical procedures and enquiry.

c) Discuss the quality and quantity of audit evidence.

d) Discuss the relevance and reliability of audit evidence.