Explaning the financial statement assertions

** Standards update! You'll find the assertions in ISA/ASA315.A128 **

The assertions are what the auditor uses as a benchmark to determine whether an account is fairly represented. This video will walk through each of the assertions, talk about which ones are similar and their meanings.

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[lukehe]

I spent two hours reading my CPA book and didn’t really understand it. This is a life saver video. Thanks!

[ShyeaItsYaBoi]

I've struggled with these concepts all semester long, and missed questions on every exam in regards to these topics. You cleared most things up in a matter of minutes. Amazing

[arth]

omg, you are so much better at explaining this than my mcgraw-hill textbook.

[tenshimiko]

Well done! You make the difficult subject to be easy to understand. I have watched many of your audit videos and I love them all.

[xkuroshiro]

your explanations really helped me. My lecturer explains these things so convolutedly that i thought i didn't understand the concept till i saw your videos.

[mohamedmosaad]

Your way of delivering the information just brillient

[yuniorgalardy]

Thanks for posting Amanda. Very helpful .... getting ready for Audit test tomorrow.

[timeakrajicek]

Amanda, I was always confused about the difference between P/L and B/S assertions and now I finally get it! Thanks.

[jilaneg]

This is my desperate revision attempt for the finals lol.
Thank you so much for making it really easy to absorb!

[dimitriakukulka]

Thank you Amanda! This video was beyond helpful

[juhimalhotra]

Thank you sooo much for explaining the assertions in such a simple and easy manner. Really you helped me a lot with this video.

[Awaisg]

Miss Amanda thank you so much. I am from Pakistan. A CA student of Pakistan and ACCA UK. I passed my audit and assurance in first attempt. Because of which i don't really remember what it was. :P Now i am looking for Article-ship and for that your videos are proving to be more then helpful. Thank you so much and God bless you. Cheers!

[omaralkiraan]

Thank you very much. you explanation is direct and to the point. I like how you make difficult subjects look easy to understand.

[indunilB]

Better than any CA video. Thanks Amanda

[AndreA-qpin]

Omg.. it's the best explanation I've ever seen... I can't thank you enough!

[mjhowie]

For those that are confused like I was, it seems that the newer version of ASA 315 has these assertions listed at 315.A128, not A111

[danidrut]

thanks Amanda, all your videos are extremely helpful

[VivekKumar-efop]

Great work I appreciate... Your videos r very helpful for Chartered Accountancy students of India as they are as it is, as they are in our syllabus.

[annamalaibaskaran]

so vouching deals with checking of assertions in transactions and verification deals with checking of assertions in balances right?

[messIniesta]

Thank you so much Amanda..you have a kind heart..