information:classification, stylistic:tone, linguistic:paraphrasing
Both United States and International auditing standards include guidance related to financial statement assertions, although the specific assertions differ. The PCAOB and the IFAC address this topic in AS 1105 (updated from AS 15 as of December 31, 2016) and ISA 315, respectively. The American Institute of Certified Public Accountants identifies the following financial statement assertions: