AUDIT FAILURE Definition

AUDIT FAILURE is an instance where the auditor said that the financial statements were fairly stated when in fact, they were not.

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FX ACCOUNT (Foreign Exchange Account) is a trading account usually based in foreign currencies.

SERVICE LEVEL AGREEMENT (SLA) is performance objectives reached by consensus between the user and the provider of a service, or between an outsourcer and an organization. A service level agreement specifies a variety of performance standards that may or may not include "service level."

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