This concept in data analysis is called quality assurance. Accuracy and Completeness of Information All information furnished by or on behalf of any Borrower or. Audit Assertions Assertions To Test In Audit Process Accountinguide It helps the financial statements to show a more realistic picture of the expenses assets liabilities and. . The completeness included in a financial statement means that all transactions included in the statement occurred during the accounting period that the statement covers. This might tempt management to adopt accounting policies that result in higher profits rather than those. The first type of assertions ie transaction-level assertions are mostly correlated to the income statement of the company. The percentage of completion method is an accounting method for recognizing revenue and expenses for long-term projects that span more than one accounting year. To increase the accounting department