Understanding Your SOC 1 Audit Report: What is an Assertion?
What is an Assertion? One of the things that management must provide to the auditor as part of a SOC 1 engagement is an assertion. What does that mean? What is an assertion? In our everyday life, an assertion is a confident statement of fact or belief. In the world of auditing, assertions are still confident statements of fact or belief, but with a twist. Assertions are claims made by…