ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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PEER REVIEW Definition
PEER REVIEW, in accounting, is a practice monitoring program in which the audit documentation of one CPA firm is periodically reviewed by independent partners of other firms to determine that it conforms to the standards of the profession.
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CASH CONVERSION CYCLE see CASH CYCLE.
COST REDUCTION is actions taken in the present designed to decrease costs in the present. See COST AVOIDANCE.