Go to Statistics Portal

FINANCIAL STATEMENT ASSERTION

Statistics Directorate    
Definition:
An assertion relating to a set of financial statements which may be considered by an auditor as part of the audit procedures. For example, an assertion may be made that the financial statements reflect a complete record of all of the financial transactions carried out by an organisation in the period, and an auditor may carry out procedures to test that assertion.

Source Publication:
Effects of European Union Accession, Part 1: Budgeting and Financial Control, OECD SIGMA Paper No. 19, March 1998, Appendix 3: List of Useful Terms + finance.mapsofworld.com.

Hyperlink:
http://finance.mapsofworld.com/financial-report/statement/assertions.html

Statistical Theme: Public management

Created on Wednesday, August 07, 2002

Last updated on Wednesday, June 12, 2013