QUANTATIVE INFORMATION Definition

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QUANTATIVE INFORMATION is information relating to, or expressible in, terms of quantity.

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RECEIPT is a written acknowledgment that a specified article, sum of money, or shipment of merchandise has been received.

GOVERNMENT AUDITING STANDARDS is a book issued by the comptroller general of the United States, sometimes called the "yellow book." Government Auditing Standards contains standards for audits of government organizations, programs, activities, and functions and of government assistance received by organizations. The audit is designed to provide reasonable assurance of detecting material misstatements resulting from noncompliance with provisions of contracts or grant agreements that have a direct and material effect on determination of financial statement amounts, are followed when required by law, regulation, agreement, contract, or policy.

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