Examlex
Frauds may be concealed from the auditors by all but one of the following methods:
Interest Rate
Interest Rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
Effective Annual Interest Rate
The real return on an investment after accounting for the effect of compounding interest over a period.
Inventory Period
The average time it takes for inventory to be sold and replaced over a period, indicating the efficiency of a company's inventory management.
Credit Sales
Sales in which the customer is allowed to pay at a later time, typically generating accounts receivable on the balance sheet.
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