Examlex
Audit is a formal evaluation of the fairness and reliability of a client's financial statements.
Net Income
The profit a company generates after all expenses, taxes, and costs have been subtracted from total revenue.
Taxes
Compulsory financial charges imposed by a government on individuals, entities, or transactions to fund public expenditures.
Basic Earning Power
An indicator of a company's profitability from operations, expressed as EBIT (Earnings Before Interest and Taxes) divided by total assets.
Total Assets
The sum of all current and non-current assets owned by an entity as reported on the balance sheet.
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