Define the Following Terms

question 46

Short Answer

Define the following terms
-post facto explanations

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Definitions:

Willfully Omitted

Intentionally left out or excluded, often referring to information or actions that should have been included or taken.

Securities Registration

The process of registering securities with the appropriate regulatory authority, making the details of the security public and adhering to regulations before they can be sold to investors.

Working Papers

Working Papers refer to documents, notes, and other materials created or used by auditors, accountants, or lawyers during the course of their professional activities.

Performing an Audit

The process of examining an organization's financial records to ensure accuracy and compliance with accounting standards and regulations.