SYSTRUST ENGAGEMENT Definition

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SYSTRUST ENGAGEMENT is when a CPA tests a business system for its ability to operate without material error and reports on its reliability.

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AFUDC is Accumulated Funds Used During Construction or Allowance for Funds Used During Construction.

CREDIT RISK is the risk of loss from an unfulfilled payment or delivery, i.e. the possibility that a borrower will default on any monies that are owed.

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