Examlex
Discuss the differences in the auditor's responsibilities for discovering (1) material errors, (2) material fraud (3) direct-effect illegal acts, and (4) indirect-effect illegal acts.
Recession
A span of brief economic recession where business and industrial output slows down, often evidenced by a drop in Gross Domestic Product across two successive three-month periods.
Recessions
Periods marked by momentary economic downturns with lesser trade and industrial operations, typically recognized by GDP reductions in two continuous quarters.
Federal Budget Deficit
The financial situation that occurs when a government's expenditures exceed its revenues in a fiscal year.
Unemployment Rate
The share of the labor force that has no current job but is in the process of looking for one actively.
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