In auditing, completeness deal with whether all transaction that should be in the financial statements are included. For instance, completeness asserts that the accounting of all sales of goods and services be included in the financial statements.
Completeness
Related Terms
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The Retail Sales report is a monthly measurement of the total sales of goods and services by retail stores in the United States.
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The Pending Home Sales report is an economic indicator that offers valuable insights into the future direction of the housing market in the United States
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The Existing Home Sales report is a vital economic indicator that offers valuable insights into the health of the housing market and the broader economy
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Currency risk is the impact of currency fluctuations on the value of a company’s cash flows or on its accounting position. The quantification of currency risk is known as “exposure” or “risk exposure.” The two major types of currency risk exposure are: Economic exposure Accounting exposure Economic exposure is concerned with a firm’s cash flows; it results from […]
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Total Vehicle Sales is an economic indicator that tracks the number of new vehicles sold within a specific period, typically reported monthly.