Examlex
The scope of an internal audit function includes all of the following except:
Net Present Value
A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.
Present Value Factor
A factor used in calculating the present value of a cash flow that will be received or paid at a future date.
Desired Rate
An expected or targeted rate of return or interest rate that an individual or company aims to achieve on investments or projects.
Average Rate of Return
A profitability gauge for investments, determined by dividing the initial investment cost into the average yearly profit.
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