Audit & Assurance

Stating that a financial statement gives a true and fair view of a company’s financial position and results of operations means verifying the assertions about items in the financial statements that are material: (a) existence or occurrence (transactions exist and/or have occurred), (b) completeness (transactions are complete and there are no omissions), (c) measurement or recognition (financial statement accounts are presented in accordance with the relevant accounting standards), (d) rights and obligations (financial statement accounts represent rights and obligations that actually exist), (e) cut-off (transactions are accrued during the reporting period), (f) presentation or disclosure (financial statement items are properly aggregated, segregated, or described in the notes to the financial statements)