CIMPEAN’S ASSERTION
Management assertions or financial statement assertions are the implicit or explicit assertions that the preparer of () is making to its users. These assertions are relevant to auditors performing a in two ways. First, the objective of a financial statement audit is to obtain sufficient appropriate audit evidence to conclude on whether the financial statements present fairly, in all material respects, the financial position of a company and the results of its operations and cash flows. In developing that conclusion, the auditor evaluates whether audit evidence corroborates or contradicts financial statement assertions. Second, auditors are required to consider the risk of material misstatement through understanding the entity and its environment, including the entity’s internal control. Financial statement assertions provide a framework to assess the risk of material misstatement in each significant account balance or class of transactions.
Both United States and International auditing standards include guidance related to financial statement assertions, although the specific assertions differ. The and the address this topic in AS 1105 (updated from AS 15 as of December 31, 2016) and ISA 315, respectively. The identifies the following financial statement assertions:
In , specifically when using the paradigm, an assertion is a (a over the , usually expressed as a using the of a program) connected to a point in the program, that always should evaluate to true at that point in code execution. Assertions can help a programmer read the code, help a compiler compile it, or help the program detect its own defects.
For the latter, some programs check assertions by actually evaluating the predicate as they run. Then, if it is not in fact true – an assertion failure –, the program considers itself to be broken and typically deliberately or throws an assertion failure .
In “Work or Love? A Christian Evaluation of John Dewey’s Views on the Purpose of Schooling,” Cimpean states:
Dewey rejects the Christian purpose for schooling, which is to serve and love God. When evaluated from a Christian perspective, Dewey’s progressivism falls short due to its refusal to promote the Christian ideal of serving and loving God. Dewey’s purpose for schooling is to promote a democratic state.
Do you agree or disagree with Cimpean’s assertion? Why or why not? Provide support for your response.
