Examlex
Test the series for convergence or divergence.
Financial Statements
Formal records of the financial activities and position of a business, individual, or other entity, including the balance sheet, income statement, and cash flow statement.
GAAP
Generally Accepted Accounting Principles, a common set of accounting rules and standards for financial reporting.
Material Departure
A significant deviation or divergence from expected, customary, or defined standards or practices, often in financial reporting or auditing.
SEC
The Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.
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