DIO Definition

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DIO is Days Inventory Outstanding.

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PREDECESSOR AUDITOR is the auditor of a client for a prior year who no longer audits that client.

NON-EXPENSE CASH DISBURSEMENT is spending not shown on the income statement, i.e., the expenditure of cash on something that does not appear on the profit-and-loss statement, for example, spending on a fixed asset or discharging part or the entire principal in a debt.

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