NET OPERATING INCOME (NOI) is income after deducting for operating expenses but before deducting for income taxes and interest.
VALUATION PROCEDURE is the act, manner, and technique of performing the steps of an appraisal method.
INHERENT RISK, generally, it is the risk found in the environment and in human activities that is part of existence. In accounting, it is the susceptibility of an audit area to error which could be material, individually or in combination with other errors, assuming that there are no related internal controls.
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