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Existence — assets, liabilities and equity balances exist. Rights and Obligations — the entity legally controls rights to its assets and its liabilities faithfully represent its obligations. Completeness — all balances that should have been recorded have been recorded.
The assertions are not individually assessed but quite often at the same time. For example, to ensure completeness of electricity expense, the auditor ensures the 12 months of payments were booked. Since the client may record the bills paid on a cash basis, electricity expense of a month of previous basis period might be entered in the current ...
For example, an auditor may: physically examine inventory as evidence that inventory shown in the accounting records actually exists (existence assertion); inspect supporting documents like invoices to confirm that sales did occur (occurrence); arrange for suppliers to confirm in writing the details of the amount owing at balance date as evidence that accounts payable is a liability (rights ...
In data management, completeness is metaknowledge that can be asserted for parts of the KB via completeness assertions. [1] [2] As example, a knowledge base may contain complete information for predicates R and S, while nothing is asserted for predicate T. Then consider the following queries: Q1 :- R(x), S(x) Q2 :- R(x), T(x)
The completeness theorem can also be understood in terms of consistency, as a consequence of Henkin's model existence theorem. We say that a theory T is syntactically consistent if there is no sentence s such that both s and its negation ¬ s are provable from T in our deductive system.
In statistics, completeness is a property of a statistic computed on a sample dataset in relation to a parametric model of the dataset. It is opposed to the concept of an ancillary statistic . While an ancillary statistic contains no information about the model parameters, a complete statistic contains only information about the parameters, and ...
All completeness properties are described along a similar scheme: one describes a certain class of subsets of a partially ordered set that are required to have a supremum or required to have an infimum. Hence every completeness property has its dual, obtained by inverting the order-dependent definitions in the given statement. Some of the ...
Completeness (order theory), a notion that generally refers to the existence of certain suprema or infima of some partially ordered set; Complete variety, an algebraic variety that satisfies an analog of compactness; Complete orthonormal basis—see Orthonormal basis#Incomplete orthogonal sets; Complete sequence, a type of integer sequence