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afroz
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Joined: 22 Sep 2011
Location: United States
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Posts: 76

Posted: 10 Jun 2012 at 14:40 \| IP Logged

Can anyone help me to understand whats the difference between Completeness assertion and Existence assertion in Inventory cycle with an example?

Thanks

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sharmin afroz

allenxiangyu
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Joined: 11 Jun 2012
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Posts: 1

Posted: 11 Jun 2012 at 16:33 \| IP Logged

Existence is that you track the records on FS to supporting
evidences(Vouches) like purchase orders and invoices.

Completeness is on the opposite.

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