Examlex
What genetic disorder is associated with the lack of an enzyme necessary for the normal metabolism of the amino acid phenylalanine?
Financial Statement
Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.
Reasonably Foreseeable Users Test
A legal standard used to determine whether the information provided by a business can reasonably be expected to reach a particular group of users.
Breach of Duty
Occurs when an individual or entity fails to fulfill their obligations or standards of care required by law or contract.
GAAP and GAAS
GAAP (Generally Accepted Accounting Principles) refers to a set of accounting standards and practices. GAAS (Generally Accepted Auditing Standards) refers to the standards guiding audits of financial statements.
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