Reconciliation Formula(s) - VLookup Two Cells And Return TRUE / FALSE For Match?

I'm trying to create a rec report, ideally on one page, for multiple criteria. The situation is we get a report on our trade positions (investment stuff) from an outside service we use. We also have a report internally from what we've booked. We're looking to tie out are basic things like price, original par, revised par, trade date, counter-party banks, etc. I've consolidated data from both sources on one page (DATA) where all data points are lined up (say EXTERNAL is from rows 1-500, and INTERNAL is 510-1010). Now I need to create a front page showing the result of each tie-out. The lookup value will be a combination of the fund name + trade ticket number which would almost guarantee a unique ID (fund name XYZ, ticket number 12345 = XYZ12345)

Current tabs on spreadsheet: DATA, EXTERNAL, INTERNAL. I need to add a REC page

Question: What formula can I use to check on each and return TRUE/FALSE? The goal is to have about 8 columns on the REC, each for one of the tie-outs (let's use price as an example.). I know the basic VLOOKUP to return one value, but it appears in this case I will need VLOOKUP to check two matching values based on unique ID XZY12345, compare the price, and return TRUE if they match, FALSE if they don't

Here's something I saw from one of our spreadsheets that I think does the same to confirm counter-party, though I have no idea how to read this lengthy formula.

=EXACT(VLOOKUP(IF(Q2="COMPANY",R2,Q2),FUNDS!$M$1:$N$400,2,FALSE),
INDEX(PENDING!$G$4:$G$3218,MATCH(CP!C2,PENDING!$N$4:$N$3218,0)))