There are five types of assertion: basic, emphatic, escalating, I-language, and positive. A basic assertion is a straightforward statement that expresses a belief, feeling, opinion, or preference.

Well, audit assertions generally classified into three major categories Transaction Level Assertions Account Balance Assertions Represent and Disclosure Assertions

There are three types, each of which relates to different events: Transaction Level Presentation And Disclosure Account Balance Transaction Level Those related to classes of transactions, like revenues, interest payments, expenses, etc., are called transaction-level assertions.

These assertions can be related to the classes of transactions, or simply pertaining to Assets, Liabilities, and Equity Balances at the period end. The main assertions that exist are given below: Existence or Occurrence Valuation or Allocation Presentation and Disclosure Rights and Obligations

Accuracy. The assertion is that the full amounts of all transactions were recorded, without error. Classification. The assertion is that all transactions have been recorded within the correct accounts in the general ledger. Completeness. The assertion is that all business events to which the company was subjected were recorded.