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1 of
51
Definition
costs that increase in a step manner rather than gradually
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fractional costs mixed costs
step costs sunk costs
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2 of 51
Definition
Corperations
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Taxable entities Flow-through entities
Proprietorships Firms
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3 of 51
Definition
an examination of entity's books and records, financial
accounts, and policites and procedures
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To analyze customer To develop a new product line
satisfaction means means
, To conduct a financial To prepare a marketing strategy
audit means means
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4 of 51
Term
Section 404: Audit of Internal Controls
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established public company
using illegal means to
accounting oversight board
avoid tax liablility
(pcaob) under sec to oversee
auditing of
publicly held companies
elected by
stockholders to used by auditors
represent stockholders
to management
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5 of 51
Definition
primarily external, governed by GAAP or IFRS, primarily
historical, mostly quantified information for financial
statements
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managerial accounting auditing
project management financial accounting
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6 of 51
Definition
rely on the company's internal controls
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In conducting a survey, In conducting an audit, the
the researcher should auditor must
In conducting a market analysis, In conducting a training session,
the analyst must the instructor can
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