The time since the mid-1980s when the service industry generated almost all the increases in employment and gained importance.
The time where industrialization in the 19th and 20th centuries moved jobs from farms to factories. As technology improved productivity, fewer workers were needed in factories.
Deja vu is a French phrase meaning 'already seen,' referring to the distinct, puzzling, and mysterious feeling of having experienced a specific set of circumstances before. A woman might walk into a building, for example, in a foreign country she'd never visited, and sense that the setting is ...
Letter of credit issued by one bank to another as a security for a loan advanced to a third party.
Avian influenza A H7 viruses are a group of influenza viruses that normally circulate among birds. The avian influenza A(H7N9) virus is one subgroup among the larger group of H7 viruses. Although some H7 viruses (H7N2, H7N3 and H7N7) have occasionally been found to infect humans, no human ...
An audit procedure that consists of both "tests of control" (TOC) and "substantive tests" (STOT) that involve a re-performance of client procedures to determine the occurrence rate of errors in a financial statement. A TOT looks for evidence that the client verification procedure was effective and ...
Type of business interruption insurance policy that allows the insured to cover its payroll on both full and partial basis. For example, 100 percent of the payroll is covered for, say, 3 months and then the cover drops to, say, 33 percent of the payroll. This arrangement allows the insured to ...
Applied in the auditing process when an auditor discovers a financial event that occurred after the initial report date and does not want to take responsibility for any other post-report occurrences other than that specific event. Rather than revise the report, the auditor adds and dates a ...
