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Financial Statements
Structured representations of the financial performance and financial position of an entity, providing detailed information about its income, expenses, assets, liabilities, and equity.
Independent Evaluation
An assessment conducted by a party outside of the project or program team to ensure objectivity and impartiality.
Material
In financial and accounting contexts, refers to information or an item that could influence the decision-making process of users of financial statements.
Omission
An oversight or failure to include something, often resulting in an incomplete set of information or accounting records.
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