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Predecessor auditor Discuss the required communications between predecessor and successor auditors.
Net Income
The total profit of a company after all expenses and taxes have been subtracted from total revenue.
Cash Investment
The act of putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit, primarily in liquid assets.
Partnership Interest
Partnership Interest denotes an ownership share in a partnership, representing a partner's stake in the profits, losses, and assets of the partnership.
Current Fair Values
The price at which an asset would be bought or sold in a current transaction between willing parties, other than in a liquidation sale.
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