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_____ is the rivalry between two companies that offer similar products and services, acknowledge each other as rivals, and act and react to each other's strategic actions.
Securities & Exchange Commission
A federal agency responsible for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges.
External Audit
An external audit is conducted by an independent firm or individual to examine an organization's financial records and operations to ensure the accuracy and integrity of its financial statements.
Internal Control
A process designed to ensure the reliability of financial reporting, compliance with laws and regulations, and effective and efficient operations.
Significant Accounting Policies
These are the specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements.
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