Word of the Day – November 13, 2018
assertion
Acronyms
- None
Preferred Term
- None
Non-standard Terms
- None
Definitions
| Type | Definition | Sources |
|---|---|---|
| Noun | Financial statement assertions are management representations that are embodied in financial statement components. The assertions can be either explicit or implicit and can be classified into the following broad categories: existence or occurrence (an entitys assets or liabilities exist at a given date and recorded transactions have occurred during a given period), completeness (all transactions and accounts that should be presented in the financial statements are so included), rights and obligations (assets are the rights of the organization, and liabilities are the obligations of the organization at a given date), valuation or allocation (asset, liability, revenue, and expense components have been included in the financial statements at appropriate amounts), and presentation and disclosure (the particular components of the financial statements are properly classified, described, and disclosed). (used 0 times in citations and controls) |
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| Noun | A written audit-related document provided by an audit practitioner. (used 10 times in citations and controls) |
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| Noun | Any declaration or set of declarations about whether the subject matter is in accordance with (or based on) the criteria. (used 133 times in citations and controls) | |
| Record Example | A statement from a verifier to an RP that contains information about a subscriber. Assertions may also contain verified attributes. (used 28 times in citations and controls) | |
| Record Example | A verifiable statement from an Identity Provider to an Relying Party that contains information about an end user. Assertions may also contain information about the end user’s authentication event at the Identity Provider. (used 8 times in citations and controls) |
Other Forms
| Type | Other Form |
|---|---|
| Plural | assertions |
| Plural Possessive | assertions' |
| Possessive | assertion's |
Relationships
Common Controls
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Citations
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