What does written assertion mean on the CPA exam?
Written assertion. Management's own signed statement that the description is fair and the controls are suitably designed. The practitioner examines the assertion, so without one there is nothing to attest to.
Defined against AT-C 105.12.
Which CPA exam sections use written assertion?
Written assertion appears in the ISC section of the CPA exam.
Related terms
- suitably designed: The controls, if they operated as described, would achieve the stated objective.
- description of the system: Management's account of the service it provides and the controls around it.
- risk assessment procedures: The audit procedures designed and performed to identify and assess the risks of material misstatement at the financial statement and assertion levels.
- management override: Management using its authority to bypass controls that otherwise work.
- written representations: Statements the auditor requires from management to confirm matters or support other evidence.
- SOC 3 report: A general use report on the same trust services criteria as a SOC 2, without the system description or the tests and results.