FORENSIC AUDIT Definition

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FORENSIC AUDIT is an examination of evidence regarding an assertion to determine its correspondence to established criteria carried out in a manner suitable to the court. An example would be a Forensic Audit of sales records to determine the quantum of rent owing under a lease agreement, which is the subject of litigation.

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EUROBOND see GLOBAL BOND.

AVERAGE AGE OF INVENTORY is calculated by the formula: 365 / inventory turnover.

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