by Lea Strickland | Jul 30, 2010 | Glossary
A term used to distinguish the type of legal entity from other types of corporations, etc. This legal entity is a separate legal entity from its owners and has its profits taxed separately from its owners under sub-chapter C of the Internal Revenue Code.
by Lea Strickland | Jul 30, 2010 | Glossary
A detailed examination of the financial records and accounts of the business to determine accuracy. An audit may also include review of compliance with GAAP, funding rules, or other requirements imposed by funding agreements (i.e. bank loans, government grants and...
