STRATIFY Definition

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STRATIFY is to arrange a population or a sample in distinct layers. Stratified sampling is used in auditing to select a greater percentage of accounts with high balances than of accounts with low balances.

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DISCLOSURE is to reveal information. Financial statement footnotes are one way of providing necessary disclosures.

CONTROLLABILITY, COST is the financial policy of controlling, limiting or curbing the cost of materials, labor, and overhead.

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