GENERALLY ACCEPTED AUDITING STANDARDS - GAAS
Set of systematic guidelines for auditing private firms, specifically their finances, to ensure accuracy, consistency, and validity of auditors’ activities and reports. GAAS are divided into three categories: general standards, standards of fieldwork, and standards of reporting. It aims to minimize the possibility of missing material details.
POPULAR TERMS
Housing Bubble
A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
A call option for investors that has a price of 1 cent with an agreement to buy 1000 shares. This cannot be executed until its expiry. It works lik ...
Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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Connection of Inflation and Interest Rates
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Fixed interest rates.
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An Introduction to Forex Currencies
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