Skip to main content
    Learn Accounting logo
  • University of Cape Town
    • Home
    • About us
    • Study at UCT
    • Campus life
    • Research & innovation
    • Internationalisation
    • Vision 2030
    • News & media
    • Contacts & maps
    • Donate to UCT
  • Faculty of Commerce
    • Home
    • About
      • Faculty of Commerce Dean
      • Transformation in Commerce
      • Faculty Staff
        • Commerce Deputy Deans
        • Commerce Dean's Office
        • Commerce Faculty Office
        • Commerce Finance Office
        • Commerce Short Course Unit
      • Departmental Staff
    • Commerce Registration
    • Departments
      • College of Accounting
      • Finance and Tax
      • School of Economics
      • Education Development Unit (EDU)
      • Information Systems
      • School of Management Studies
        • Actuarial Science
        • Applied Management (Postgraduate Diplomas)
        • Marketing
        • Organisational Psychology
        • Professional Communication
      • The Nelson Mandela School of Public Governance
      • Commerce IT (IT support)
    • Applying To Commerce
    • Current Students
    • Commerce Faculty Downloads
    • Research
    • News
    • Contact Us
  • College of Accounting
    • Home
    • Programmes
      • Undergraduate Programmes
        • BCom General Accounting
        • BCom Chartered Accountant
        • Advanced Diploma in Accounting
        • BCom Accounting with Law
        • Learn Accounting
      • Postgraduate Programmes
        • BCom Honours in Accounting
        • Postgraduate Diploma in Accounting (PGDA)
          • PGDA entrance requirements for UCT students
          • Entrance requirements for applicants transferring to the PGDA from other universities
        • MCom in Financial Analysis, Reporting and Governance
        • Professional Programmes (APC & IAC)
    • Courses
    • Staff
      • Head of College
      • Financial Reporting
      • Corporate Governance
      • Taxation
      • Management Accounting and Finance
      • Support and Administrative Staff
      • Academic Trainees
      • Professional Programmes and Development
    • Accounting FAQs
    • Student Advisors
    • Academic Traineeship
      • What is Academic Traineeship?
      • Application Process: Academic Traineeship
      • Academic Traineeship Framework and Guidelines
      • UCT Contract Requirements
      • SAICA Requirements
      • Evaluation Process during Traineeship
      • Academic Traineeship: Frequently Asked Questions
      • Academic Traineeship Contacts
    • Research
      • Publications
      • Behavioural Finance and Accounting (BFA)
      • Accounting Education Research and Scholarship
    • News
    • Contact Us

Learn Accounting
  • Home
  • About us
  • Learning Resources
    • Financial Reporting
      • Financial Reporting: Basic
        • The Accounting Equation – Part 1
        • The Accounting Equation – Part 2
        • Understanding Debits and Credits
        • Source Document to Ledger Account
        • Balancing/Closing Off Ledger Accounts
        • Recording and Reporting Financial Information
        • Financial Statements – The Big Picture
        • Cash to Accrual
        • Adjustments
        • Depreciation
        • Control
        • Understanding Mark-Ups
        • FIFO and Weighed Average
        • The Reconciliation Process
        • Statement of Cash Flows – Introduction
        • Improving your Workings
        • What is a Share?
      • Financial Reporting: Intermediate
        • The Asset Life Cycle
        • Liabilities according to the Conceptual Framework
        • What are Liabilities - According to IAS37?
        • Deferred Tax – Introduction
        • Identifying a Change in Accounting Policy
        • Reporting a Change in Accounting Policy
        • Consolidations – The Basic Adjustments
        • Introduction – Pro Forma Journal Entries
        • Business Combinations
        • Group Accounting – Introduction
      • Financial Reporting: Advanced
        • Tax Rate Reconciliation [±15 mins]
        • Deferred Tax: What Rate to Use
        • Deferred Tax: Where to Recognise Deferred Tax Adjustments
        • Deferred Tax Assets - According to IAS12
        • Subsidiaries – Part 1: Acquisitions and Increased Shareholdings
        • Subsidiaries – Part 2: Reduced Shareholdings, Control Maintained and Loss of Control
        • Advanced Pro Forma Journal Entries
        • Cash Flow for Groups
        • Hedge Accounting
        • Liabilities vs Equity – The Distinction
        • Preparing a Group Statement of Changes in Equity – Part 1
        • Preparing a Group Statement of Changes in Equity – Part 2
        • Reporting Total Comprehensive Income
    • Financial Management
      • Financial Management: Basic
        • Demystifying Financial Management
        • Net Present Value
        • Different Sources of Finance and the Risk-Return Relationship
        • The Intrinsic Value of Financial Instruments
        • Valuations: Understanding the Market and Market Value
        • WACC – What, Why and How?
      • Financial Management: Advanced
        • Dividend Discount Model
        • Analysing Company Performance
        • Free Cash Flow Valuations
    • Auditing/Corporate Governance
      • Auditing/Corporate Governance: Basic/Intermediate
        • What Do Auditors Do?
        • The Audit Process
        • An Overview of the Audit Process
        • Fraud
        • What is a Misstatement?
        • Materiality
        • What are Assertions?
        • Business Risk vs Audit Risk
        • The Audit Risk Formula
        • Control Testing
        • Modified Audit Opinions
      • Auditing/Corporate Governance: Advanced
        • Risk of Material Misstatement Assessment: Part 1
        • Risk of Material Misstatement Assessment: Part 2
        • The Code of Professional Conduct
        • System CAATs
        • Data CAATs
    • Management Accounting
      • Management Accounting: Basic
        • Demystifying Management Accounting [±7 mins]
        • Direct and Indirect Costs – Part 1
        • Direct and Indirect Costs – Part 2: Allocation of Indirect Costs
        • Cost Behaviour: Fixed and Variable Costs
        • Absorption and Variable Costing – Part 1
        • Absorption and Variable Costing – Part 2: The Reconciliation
        • Cost Volume Profit
        • Relevant Costing: The Fundamental Principle
        • Understanding the Production Process
        • Management Accounting: The Control Function
        • Standard Costing and Recording – Part 1
      • Management Accounting: Intermediate
        • Standard Costing and Reporting (IFRS) – Part 2
        • Management Decision Making: Qualitative Factors – Part 1
        • Management Decision Making: Qualitative Factors – Part 2
      • Management Accounting: Advanced
        • Determining a Transfer Price: Part 1
        • Determining a Transfer Price: Part 2
        • Introduction to Strategy, Risk Management and Governance
    • Taxation
      • Taxation: Basic/Intermediate
        • Introduction to Tax
        • Taxation Terminology
        • How to use the Income Tax Act
        • Capital and Revenue
        • In the Production of Income
        • Introduction to Income Tax for Individuals
        • Introduction to Employees' Tax
        • Introduction to Capital Gains Tax
        • Capital Allowances
        • Introduction to Provisional Tax
        • Value-Added Tax
      • Taxation: Advanced
        • Foreign Exchange
        • Important Tax Cases: CIR vs Nemojim
        • Introduction to Assessed Losses
        • Introduction to Dividends Tax
        • Introduction to Wealth Taxes
        • The Basics of the General Anti-Avoidance Rules
    • Financial Skills
      • Exploring the Business World
      • Using a Financial Calculator: Time Value of Money (TVM) – Part 1
      • Using a Financial Calculator – Part 2
  • Meet the Presenters
  • Contact us
  • Home
  • About us
  • Learning Resources
    • Financial Reporting
    • Financial Management
    • Auditing/Corporate Governance
      • Auditing/Corporate Governance: Basic/Intermediate
        • What Do Auditors Do?
        • The Audit Process
        • An Overview of the Audit Process
        • Fraud
        • What is a Misstatement?
        • Materiality
        • What are Assertions?
        • Business Risk vs Audit Risk
        • The Audit Risk Formula
        • Control Testing
        • Modified Audit Opinions
      • Auditing/Corporate Governance: Advanced
    • Management Accounting
    • Taxation
    • Financial Skills
  • Meet the Presenters
  • Contact us

Breadcrumb

  1. Home
  2. Learning Resources
  3. Auditing/Corporate Governance
  4. Auditing/Corporate Governance: Basic/Intermediate

What are Assertions? [±6 mins]

This video explains what is meant by assertions in auditing – with Sumaya West

ENGLISH:

Video Transcript: What are Assertions?

ISIXHOSA:

ISIZULU:

SESOTHO

XISONGA

Learn Accounting logo

A College of Accounting website. If you need any assistance, contact us on learnaccounting@uct.ac.za

Copyright © - 2025 - University of Cape Town - All rights reserved. POPIA | PAIA.