SUTA Definition

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SUTA see STATE UNEMPLOYMENT TAX ACT.

Learn new Accounting Terms

REPLACEMENT COST NEW is the current cost of a similar new property having the nearest equivalent utility to the property being valued.

AUDIT RISK is a combination of the risk that material errors will occur in the accounting process and the risk the errors will not be discovered by audit tests. Audit risk includes uncertainties due to sampling (sampling risk) and to other factors (non-sampling risk).

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