Written representations defined Written representations represent a written statement that is served by an entity’s management to its auditors with...

Concept of management bias Management bias is typically defined as a lack of neutrality by an entity’s management as to...

Concept of estimation uncertainty In the context of accounting estimates, estimation uncertainty refers to the susceptibility of the estimate and...

In accounting, it is a transaction (see: transaction classes) reflecting recurring financial activities recorded in the books of account of...

A bond that is adjusted with inflation. A linker is designed as a hedging tool for holders (investors) against inflation....

It stands for inflation-linked bond; a bond that is adjusted with inflation. An ILB is designed as a hedging tool for...

The risks that are associated with the settlement of foreign exchange (FX) transactions. The inability to settle or timely settle...

A lack of neutrality by an entity’s management as to the process and outcomes of the preparation and fair presentation...

The rate of interest (discount rate) that the Federal Reserve (the central bank of United States of America) charges banks...

It stands for discount window; a lending facility that a central bank or similar entity provides to help banks and...