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The manner of appointment, the qualifications, and the format of reporting by an external auditor are defined by statute, which varies according to jurisdiction. External auditors must be members of one of the recognised professional accountancy bodies. [2] External auditors normally address their reports to the shareholders of a corporation.
External may refer to: Externality, in economics, the cost or benefit that affects a party who did not choose to incur that cost or benefit;
In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced components that are involved in either consumer or producer market transactions.
The external sector is the portion of a country's economy that interacts with the economies of other countries. In the goods market, the external sector involves exports and imports . [ 1 ] In the financial market it involves capital flows .
External debt measures an economy's obligations to make future payments and, therefore, is an indicator of a country's vulnerability to solvency and liquidity problems. [1]: xi–xii Another useful indicator is the net external debt position, which equals gross external debt minus external assets in the form of debt instruments.
Sovereignty can generally be defined as supreme authority. [1] [2] [3] Sovereignty entails hierarchy within a state as well as external autonomy for states. [4]In any state, sovereignty is assigned to the person, body or institution that has the ultimate authority over other people and to change existing laws. [5]
External validity is the validity of applying the conclusions of a scientific study outside the context of that study. [1] In other words, it is the extent to which ...
Good examples of external risks are natural disasters such as earthquakes and volcanoes. Insurance adjusters analyze external risks on a normal basis. Measuring risks of the environment is common practice throughout insurance claims. As far as claims go, most external risks, or an "Act of God", are protected by property insurance.