Examlex
The auditor's objective in obtaining an understanding of the client's business and risks is to assess the overall risk of material misstatement in the financial statements.
Business-to-business Sales
Transactions between businesses, such as a manufacturer selling to a wholesaler, as opposed to selling directly to consumers.
Online Trading Community
A digital platform where individuals and businesses can buy and sell goods and services, share information, and collaborate.
Online Marketplace
A digital platform where buyers and sellers can transact for goods and services, often facilitating a wide variety of products from different suppliers.
Core Principles
Fundamental beliefs or guidelines that serve as the foundation for a system, organization, or process.
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