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Ellis Cashmore argues:
Competitors
Entities or businesses that offer similar or substitute products or services in the same market, vying for the same potential customer base.
Evidential Matter
Information and documentation that supports financial statements and is used by auditors to validate the accuracy and completeness of financial records.
Assumptions
Premises or accepted facts upon which reasoning, behaviors, or calculations are based.
Inferences
Logical deductions or conclusions made based on evidence and reasoning.
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