UNCONTROLLABLE EXPENSE Definition

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UNCONTROLLABLE EXPENSE is expense that cannot be controlled or restrained. Some of the costs of doing business can not be postponed or spread out over a longer period of time (e.g., taxes, rent and utilities).

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COST-OF-LIVING LEASE is a lease where yearly increases are tied to the cost of living index.

REAUDIT is when an auditor is asked to audit and report on financial statements
that have been previously audited and reported upon.

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