Completeness - Economics, Finance, and Industry

Economics, Finance, and Industry

  • Complete markets versus incomplete markets
  • In auditing, completeness is one of the financial statement assertions that have to be ensured. For example, auditing classes of transactions. Rental expense which includes 12-month or 52-week payments should be all booked according to the terms agreed in the tenancy agreement.
  • Oil or gas well completion, the process of making a well ready for production.

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Famous quotes containing the word industry:

    Change of fashion is the tax levied by the industry of the poor on the vanity of the rich.
    —Sébastien-Roch Nicolas De Chamfort (1741–1794)