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in todays video Im going to take what we know about assertions and then look at how we can apply them within the audit context so lets get into it [music playing] hi welcome back to my regular viewers if youre new to this channel my name is Amanda I teach auditing at university and Im really passionate about audit and accounting as a profession. So lets look at why we use assertions. The first main reason is that assertions are actually our characteristics that we use to tell whether the financial statements are free from material misstatement. I dont know what exactly true could be so we use the replacement of true and fair with free from material misstatement and we know that if our account meets the assertions for the transactions or for the balances then that account is free from material misstatement - its true and fair. So the way that we can use our assertions in regards to evaluating internal controls is that we can check whether there are controls to meet each of o