Examlex
A __________ is a type of bar graph in which the height and area of the bars are proportional to the frequencies in each category of a nominal variable or in intervals of a continuous variable.
Control Deficiencies
Refers to weaknesses in a company's internal controls that could lead to operational inefficiencies or financial misstatements.
Unqualified Audit Opinion
An unqualified audit opinion is a judgment by an auditor that a company's financial statements are fairly and appropriately presented, without any identified exceptions, and in conformity with Generally Accepted Accounting Principles (GAAP).
Scope Paragraph
A section of an auditor's report that describes the extent of the examination of the financial statements and the accounting principles applied.
GAAP
Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States for financial reporting.
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