Explain the Occurrence and Completeness Assertions

question 73

Essay

Explain the occurrence and completeness assertions. How does failure to meet each assertion affect the financial statements?

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Definitions:

Noam Chomsky

An American linguist, philosopher, cognitive scientist, historian, social critic, and political activist known for his theory of generative grammar.

Biological Propensity

Biological propensity involves the natural inclination or tendency within individuals due to genetic, hormonal, or neurophysiological factors to exhibit certain behaviors or to develop certain conditions.

Linguistic Relativity

The hypothesis that the structure of a language influences its speakers' world view or cognition.

Nativist

A perspective in psychology and linguistics suggesting that certain skills or abilities are "native" or hardwired into the brain at birth, contrasting with theories that emphasize learning and experience.