Inherent Risk Inherent Risk is the degree of risk involved in a system that remained after the risk assessment. It denotes the possibility of any major misrepresentations in accounting...
Forensic Audit A Forensic Audit is an evaluation process of a business or individual’s accounting transactions to uncover valuable information that comes in handy in court.
Intrapreneur Intrapreneur is an entrepreneurial person employed by a corporation and encouraged to be innovative and creative.
The different ratios related to owner’s equity The owners of the firm demand growth in equity over a period of time. Growth arises from investment by the investor and additions to equity from running ...
Surrender-cost index Surrender-cost index is a method of measuring the cost of an insurance policy to an insured if the policy is surrendered at the end
Occurrence Occurrence refers an accident, including continuous or repeated exposure to substantially the same general, harmful conditions, which
Occurrence policy Occurrence policy is a liability insurance policy that covers claims arising out of occurrences that take place during the policy period,
Guaranteed renewable Guaranteed renewable means continuance provision of a health insurance policy under which the company guarantees to renew the
Difference the top-down and bottom-up approaches The top-down valuation process begins by examining the influences of the general economy on all firms and the security markets. The next step is to ...