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.

Read more about this topic:  Completeness

Famous quotes containing the word industry:

    My plan of instruction is extremely simple and limited. They learn, on week-days, such coarse works as may fit them for servants. I allow of no writing for the poor. My object is not to make fanatics, but to train up the lower classes in habits of industry and piety.
    Hannah More (1745–1833)