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AS5 requires that the auditor appropriately document the processes, procedures, judgments, and results relating to the audit of internal control. Specifically, what must this documentation include?
Free Cash Flow
The amount of cash generated by a company after accounting for capital expenditures, essential for growth and expansion.
Operating Cash Flow
A measure of the cash generated by a company's normal business operations.
Amortization
The process of gradually writing off the initial cost of an asset over a period, typically for intangible assets such as patents or goodwill.
Intangible Assets
Long-term assets that are used in the operations of a business, are not held for sale, and are without physical qualities.
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