AGI Definition

AGI (Annual Gross Income) is annualized total income prior to exclusions and deductions.

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MANAGEMENT REPRESENTATION LETTER is a letter addressed to the auditor, signed by the client's chief executive officer and chief financial officer. During an audit, management makes many representations to the auditor. Written representations from management in the letter confirm oral representations given to the auditor, document the continuing appropriateness of such representations, and reduce the possibility of misunderstanding.

GROUP is a number of individual companies assembled together; often having some unifying relationship.

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