The exclusion of a single transaction of the capital acquisition and repayment cycle could be material in itself.This means that the following audit assertion is a major audit concern:

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Completeness is the audit assertion that ensures all transactions are recorded and included in the financial statements. The exclusion of a single transaction in the capital acquisition and repayment cycle could result in an incomplete representation of the company's financial position and performance, which is a major audit concern.

The Exclusion of a Single Transaction of the Capital Acquisition