AUDIT RISK
The risk which an auditor will not discover intentional miscalculations (i.e. fraud) or errors while making a review for an individual’s or a company's financial statements. There are two main categories for audit risk: risk regarding the assertions produced by evaluation of the financial materials and risk regarding assessment of financial materials.
Companies asks an audit in order to give confidence to investors that the company's financial reporting and statements are correct. In order insure from potential litigation coming from missed financial improprieties, material misstatements for example, auditors usually carry malpractice insurance.
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Percentage of subscribers who discontinue using a service in a specified time period. It is computed by dividing this rate to the average number of ...
De-Merger
A strategy wherein a single business is broken to components, they just have to decide either to operate or their own, or to be sold or to be disso ...
Career-Ending Move
Bad decision or mistake an employee made, which has huge consequences. This bad move is so egregious that it would possibly lead to the loss of his ...
Variance
Variance the measure of dispersion of a given set of data points around their mean value. It is the mathematical expectation of the average squared ...
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