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CONTINUING ACCOUNTING SIGNIFICANCE Definition

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CONTINUING ACCOUNTING SIGNIFICANCE means matters normally included in the permanent audit documentation, such as the analysis of balance sheet accounts, and those relating to contingencies. Such information from a prior year is used by the auditor in the current year's audit and is updated each year.

 

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BEST ASK is the lowest quoted offer of all competing Market Makers to sell a particular stock at any given time.

OUTPUT VAT is VAT on a companys sales. See also VALUE ADDED TAX (VAT).


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