AUDITING STANDARDS Definition

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AUDITING STANDARDS provide minimum guidance for the auditor that helps determine the extent of audit steps and procedures that should be applied to fulfill the audit objective. They are the criteria or yardsticks against which the quality of the audit results are evaluated.

Learn new Accounting Terms

FRCN see FLOATING RATE CONVERTIBLE NOTE.

PITI is an acronym for Principal, Interest, Taxes and Insurance when dealing with property mortgages.

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