MEAN Definition

Bookmark and Share

MEAN is the measure of central tendency; also called the average. It is calculated by the sum of the data points divided by the number of data points.

Learn new Accounting Terms

DOWNSTREAM / UPSTREAM SALES see UPSTREAM / DOWNSTREAM SALES.

AUDIT SCOPE refers to the activities covered by an internal audit. Audit scope includes, where appropriate: audit objectives; nature and extent of auditing procedures performed; Time period audited; and related activities not audited in order to delineate the boundaries of the audit.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.