The bolded sentence can mean the same thing as the italicized sentence. However, both the sentences do not always mean repetitive events. You would need to add more context, unless you were speaking to someone and directly explaining what Mr.
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AnonymousMr. Y checks reports that Mr. X has completed.
Does the bold sentence give a implication of a habitual activity like the one below?
Mr. Y checks completed reportsYes.AnonymousCan we even use present perfect in describing repetitive events?Yes, but not always as readily as with the pres