Examlex
Why should an auditor not rely on substantive testing to the exclusion of testing internal controls?
Total Asset Turnover
A metric assessing how effectively a company utilizes its assets to produce income.
Return on Total Assets
A financial ratio that measures a company's ability to generate earnings from its total assets.
Bonds
Fixed income investments representing a loan made by an investor to a borrower, typically corporate or governmental, that pays back with interest.
Par Value
The stated value or face amount of a bond, stock share, or coupon as declared by the issuing entity.
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