Glossary
Existence and rights
The audit assertion that an entity's assets exist and that it controls them — the hardest assertion to evidence for digital assets.
For a bank balance, a confirmation from the bank settles it. On-chain, a balance is public but control is not: an auditor needs evidence that the entity, and only the entity, can move the funds.
In practice that means a complete wallet inventory, cryptographic signing evidence for each address, documented key ceremonies, a signing policy, and custodian confirmations. The completeness problem — proving no other wallets exist — cannot be fully solved and is addressed by controls and representations.
Where this comes up
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