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Fair Values
A measure of the estimated market value of an asset or liability, based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction.
Consolidated Financial Statements
Financial statements that aggregate the financial information of a parent company and its subsidiaries into one comprehensive document.
Wholly Owned Subsidiaries
Companies whose entire share capital is 100% owned by another company, which gives the parent company full control over the subsidiary.
Audit
A systematic review and assessment of financial records or business processes to ensure accuracy and compliance with regulations and standards.
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