AD HOC Definition

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AD HOC is being concerned with a particular end or purpose, e.g., a ad hoc committee established to handle a specific subject.

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AUDIT ADJUSTMENT is a correction of a financial information misstatement identified by the auditor, whether recorded or not.

REDEEMABLE means cashable, i.e. able to be converted into ready money or its equivalent, e.g. redeemable stocks and bonds or a cashable check.

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