[The following footnote was effective for audits of financial statements for periods beginning on or after January 1, 1989. It was amended, effective for audits of fiscal years beginning on or after December 15, 2010. See PCAOB Release No. 2010-004.

Return to the current version.]

 

fn 1 Assertions are representations by management that are embodied in financial statement components. See section 326, Evidential Matter.