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There are a lot of similarities between the perspectives of ethics for women throughout the world.
- For example, almost all culture/ethnicity sees women as the operator of the household, which are responsible in doing chores and taking care of kids
- Majority of these cultures expect women to be in support role while the men became the leaders
- They also expect the women to be completely obedient toward the husband
If there is a reasonable possibility that an account or disclosure could contain a misstatement that is material, the account or disclosure is identified as: relevant assertion.
The existence assertion assures that the information presented exists and is free from fraudulent activity. This assertion is a test to the fact that this is a complete assessment and has all the items included in the statement for a given accounting period.The existence of cash is always relevant, and the valuation of existence assertion is a relevant assertion for the cash.
According to it, Cash balances on the balance sheet exist at the reporting date. It means that assets and liabilities exist, and there has been no overstatement of valuation. Financial statement assertions are claims made by companies that attest that the information on their financial statements is true and accurate.
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