definitions of management assertions by category
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| Transactions and events that have been recorded have occurred and pertain to the entity (sometimes referred to as validity) | Occurrence
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| All transactions and events that should have been recorded have been recorded | Completeness
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| All transactions and events that should have been properly authorized | Authorization
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| Amounts and other data relating to recorded transactions and events have been recorded appropriately and properly accumulated from journals and ledgers. | Accuracy
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| Transactions and events have been recorded in the correct accounting period | Cutoff
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| Transactions and events have been recorded in the proper accounts | Classification
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| Assets, Liabilities, and equity interests exist | Existence
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| The entry holds or controls the right to assets, and liabilities are the obligations of the entity. | Rights and obligations
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| All assets, liabilities and equity interests that should have been recorded have been recorded. | Completeness
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| Assets, liabilities, and equity interest are included in the financial statements at appropriate amounts, and any resulting valuation or allocation adjustments are appropriately recored | Valuation and Allocation
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| Disclosed events, transactions, and other matters have occurred and pertain to the entity. | Occurrence and rights and disclosure
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| All disclosures that should have been included in the financial statements have been included | Completeness
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| Financial information is appropriately presented and described, and disclosures are clearly expressed | Classification and understandability
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| Financial and other information are disclosed fairly and at appropriate amounts | Accuracy and valuation
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