TOR; among many others; can mean Time of Receipt, Terms Of Reference, Time of Report, etc.
AUDIT OBJECTIVE is when in obtaining evidence in support of financial statement assertions, the auditor develops specific audit objectives in light of those assertions. For example, an objective related to the completeness assertion for inventory balances is that inventory quantities include all products, materials, and supplies on hand.
ARREARS is an unpaid overdue debt, or the state of being behind in payments, e.g. an account in arrears.
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