STOP-OR-GO SAMPLING Definition

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STOP-OR-GO SAMPLING is taking a sample from a population and checking after each sample item is drawn whether the sample supports a desired conclusion. Sampling ceases as soon as that conclusion is supported.

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TERM DEBT, as in Term Bonds, is debt that mature in one lump sum at a specified future date. Term debt is usually carried as one type of long-term debt.

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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