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What is the basic philosophy behind a 12-step program like AA or NA?
Auditing Standards
Rules and guidelines that auditors are required to follow when conducting audits of companies’ financial statements, ensuring consistency, reliability, and integrity in the audit process.
Financial Statements
Formal records of the financial activities and position of a business, individual, or other entity, including the balance sheet, income statement, and cash flow statement.
GAAP
Generally Accepted Accounting Principles, a common set of accounting rules and standards for financial reporting.
Material Departure
A significant deviation or divergence from expected, customary, or defined standards or practices, often in financial reporting or auditing.
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