TAX ACCOUNTING Definition

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TAX ACCOUNTING is the planning of business strategies based on tax consequences and avoidance.

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COST OF MONEY is a form of indirect cost incurred by investing capital in facilities employed on government contracts.

OBJECTIVITY, of an internal auditor, is dependent upon  the organizational status of the internal audit function, whether the internal auditor has direct access and reports regularly to the board, the audit committee, or owner-manager, and who oversees internal auditor employment decisions.

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