内部控制审计实务培训(一)..pptVIP

* * As discussed on the previous slide, there are some new concepts that the standard introduces. The PCAOB requires that a direct link between significant accounts and relevant financial statement assertions be made. Assertions (i.e., existence or occurrence, completeness, valuation or allocation, rights and obligations, and presentation and disclosure) are those representations made by management that are embodied in the financial statements. Other concepts that are new in the proposed standard include the fact that, if a material weakness exists, a company’s internal control is considere