PREDECESSOR AUDITOR Definition

Bookmark and Share

PREDECESSOR AUDITOR is the auditor of a client for a prior year who no longer audits that client.

Learn new Accounting Terms

SUBORDINATED DEBT is debt over which senior debt takes priority. In the event of bankruptcy, subordinated debt holders receive payment only after senior debt claims are paid in full. There is a pecking order determining the sequence in which a company will pay off its debt instruments, subordinate (or junior) issues will not be repaid until unsubordinated (or senior) debt has been repaid in full.

NAARS is National Automated Accounting Research System.

Suggest a Term

Enter Search Term

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