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q what is auditors report explainspecial report - special report is a term used for auditors reports issued in connection with various types of
small business stock -no corporate investors can exclude up to 50 percent of the gain they realize on disposition of qualified small business stock
significant findings or issues - substantive matters which are vital to procedures performed conclusions reached or evidence obtained and include
significant deficiency -control deficiency or combination of control deficiencies which adversely affects companys ability to authorize initiate
q what are the financial statementssignificant accounts - an account is significant if there is more than a remote likelihood that account could
q what is short saleshort sale - sale of an item before it is purchased a person entering into a short sale believes that the price of item will
settlement method - method of accounting for securities whereby transactions are recorded on the date securities settle by delivery or receipt of
review - accounting service which provides some assurance as to reliability of financial information in a review a certified public accountant cpa
return on investment roi - ratio measure of the profits achieved by a firm by its fundamental operations an indicator of managements general
research and development rampd - research is a planned activity aimed at discovery of new knowledge with hope of developing new or improved services
q what do you mean by re - organizationreorganization - this is a change in businesses capital arrangements if for a corporation there are 7
related party transaction - business or other transaction between persons who dont have an arms-length relationship for example a relationship with
regulated investment company ric - commonly known as a mutual fund this is a domestic corporation which acts as an investment agent for its
red herring -lsquopre-release prospectus offering an announcement of a future issuance of securities given restricted circulation during waiting
q what is recapitalizationrecapitalization - an internal reorganization of a corporation including a rearrangement of capital structure by changing
q what do you mean by reasonable assurancereasonable assurance - managements assessment of effectiveness of internal control over financial reporting
real estate mortgage investment conduit remic - an entity which holds a fixed pool of mortgages and issues multiple classes of interest in itself to
real estate investment trust reit - investor-owned trust that invests in real estate and in place of paying income tax on its income reports to each
quasi-reorganization - type of reorganization in that with shareholder approval management revalue assets and eliminates deficit increased by asset
qualified opinion - audit opinion which states except for effect of a matter to which a qualification relates financial statements are fairly
puts - a put is an option to sell a number of shares of stock at a stated price within a definite period gain or loss on a put is short or long term
public oversight board pob - pob is an independent oversight board composed of public members that monitors and evaluates peer reviews conducted by
prospective financial information forecast and projection - forecast prospective financial statements which present to the best of responsible partys
promissory note - evidence of a debt with specific amount due and interest rate note may specify a maturity date or it may be payable on demand
pooling of interest - used to account for acquisition of another company when acquiring company exchanges its voting common stock for voting common