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What Guidelines Exist for the Selection and Use of Forensics

question 24

Essay

What guidelines exist for the selection and use of forensics software? Name at least three.


Definitions:

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Going Concern

The assumption that a company will continue in operation for the foreseeable future.

Qualitative Characteristics

Attributes that enhance the usability of financial information, including relevance and faithful representation.

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