ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SENSEX is a Bombay Stock Exchange Index (BSE 30-Share Benchmark Sensex Index).
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FISCAL QUARTER is any of the four financial accounting quarters within a fiscal year. See FISCAL YEAR.
REASONABLE ASSURANCE, in internal control, is the fact that internal controls, no matter how well designed and operated, cannot guarantee that an entity’s objectives will be met because of inherent limitations in all internal control systems.