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  • Writer's pictureThomas Tsang

Completeness and cut off

Completeness assertion is transaction should have been recorded have been recorded. We need to ascertain transaction happened have been recorded.


Cut off assertion is transaction happened and recorded in the correct period. We need to ascertain it is recorder in the correct period. It is on the basis that all transactions happened have been recorded. If recorded in incorrect period is cut off error. It is not completeness issue as all transactions happened are recorded.

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