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External Audit
An independent examination of financial records and statements, conducted by an outside firm, to ensure accuracy and compliance with accounting standards.
Financial Statements
Official documentation detailing the monetary transactions and financial standing of a company, person, or different organization.
Credibility
The quality of being trusted and believed in, important in financial reporting and accounting practices.
Net Sales
The sum of sales income left over after subtracting returns, allowances for damaged or missing goods, and discounts.
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