REASONABLENESS TEST is where the expected value is determined by reference to data partly or wholly independent of the accounting information system, and for that reason, evidence obtained through the application of such a test may be more reliable than evidence gathered using other analytical procedures.
SUPPLANT is to take the place of or move into the position of, e.g. the computer supplanted the slide rule.
PERPETUITY, in finance, is an annuity payable forever.
Enter a term, then click the entry you would like to view.