Examlex
If an auditor selects a sample of customer accounts receivable and traces payment credits to remittance worksheets and bank deposits,the auditor is testing the control objective of completeness.
Patent Infringement Suit
A legal case brought by a patent holder against an individual or entity that is accused of unauthorized use of the patented technology or process.
Franchise Account
An account that represents the financial rights and obligations between a franchisor and franchisee, including initial fees and ongoing royalties.
Preproduction Prototypes
Prototypes developed during the preproduction phase, which are used for testing and validation before full-scale production begins.
Successful Patent Application
The approval and granting of a patent by a patent office, providing legal protection for an invention, its process, or design.
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