Examlex
Name two account balance management assertions pertaining to inventory and explain why they are considered in an audit.
Necessary Condition
A condition that must be present for an event or situation to occur; without it, the event cannot happen.
Sufficient Condition
A condition that, if satisfied, guarantees the occurrence or validity of another event or condition.
Methods of Agreement and Difference
Scientific research methods used to determine the cause of a phenomenon by examining cases where the phenomenon does and does not occur.
Method of Agreement
A principle in comparative research where common factors of various instances of a phenomenon are identified to determine the cause.
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