ITEMIZED STATEMENT Definition

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ITEMIZED STATEMENT is a record or transmittal that details product or services rendered and the costs incurred and payments received.

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ORGANIZATIONAL CULTURE is the set of beliefs, values, and norms, together with symbols like dramatized events and personalities that represents the unique character of an organization, and provides the context for action in it and by it.

DUAL PURPOSE TEST is when audit procedures are classified both as substantive tests and tests of controls. When an audit procedure provides both types of evidence it is a dual purpose test.

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