LITIGATION RISK Definition

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LITIGATION RISK is an assessment of the likelihood or probability that legal action may be taken, e.g. auditors may encounter an unacceptable level of litigation risk on an assignment where the client has possibly been involved with fraudulent financial reporting.

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FISCALIST is an economist who prefers that the government affect the economy by raising and lowering taxation and/or government spending.

EEO is Equal Employment Opportunity or Equal Employment Office.

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