ACCRUAL Definition

ACCRUAL is the recognition of revenue when earned or expenses when incurred regardless of when cash is received or disbursed.

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KWACHA is a currency of Malawi and Zambia.

PBC LIST (PROVIDED BY CLIENT LIST) is a request by external auditors of items that will be required from the client by the auditor prior to the commencement of fieldwork. Such PBC lists are preliminary and will likely be expanded once the audit commences.

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