REAUDIT Definition

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REAUDIT is when an auditor is asked to audit and report on financial statements
that have been previously audited and reported upon.

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CRAT is an acronym for Charitable Remainder Annuity Trust.

AUDIT OPINION LETTER is a signed representation by an auditor as to the reliability and fairness of a set of financial statements. It is usually presented at the beginning of an audit report.

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