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Audit tests that follow compliance tests and rely on the interim audit's results are called
Retained Earnings
The portion of a business's profits not distributed to shareholders, reinvested in the business instead.
Push-down Accounting
An accounting method applied in business combinations where the purchase price of an acquired entity is reflected in the financial statements of the acquired company.
Business Combination
A transaction or event in which two or more businesses come together to form a single reporting entity, typically involving the acquisition of one by another.
Subsidiary's Books
The set of financial records and accounts maintained by a subsidiary, detailing its transactions, assets, liabilities, and equity.
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