Examlex
________ is the process in which an individual or group of individuals in an existing corporation create a new organization or instigate renewal or innovation within that corporation.
Working Papers
The various documents used and developed during an audit, including notes, calculations, copies, memorandums, and other papers constituting the accountant’s work product.
Total Mix Standard
A principle suggesting that information should be judged in its entirety, considering all contributions to the overall understanding or decision.
Scienter
A legal term denoting knowledge on the part of a person who commits a wrongful act, especially in securities law, where it involves knowledge of the act's deceitful or fraudulent nature.
Malpractice Action
A legal action filed against a professional person for failure to act in accordance with prevailing professional standards.
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