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Lack of duty is a defense against a lawsuit from a third party suing the auditor. It basically means that if an auditor is being sued then they can counter it by stating that there was no contract that existed between the two parties. It is usually used when a review engagement is done ( a step down from a true audit)
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Does net purchase price include sales tax?
what is meant by net price? does it include excise duty? If included, how is it claculated
What is the difference between Duty-Free and Duty-Paid?
first of all duty means 'tax'. for goods we have to pay tax i.e duty paid, duty free means tax free.
What are 2 types of indirect taxes?
Excise-Duty and Custom-Duty
Federal excise duty is a capital expenditure?
Yes, the federal exercise duty is a capital expenditure.
Is paying taxes a duty or a responsibility?
is paying taxes a duty or a responseibility
What is meant by stupid?
Generally, what is meant by stupid is showing a lack of intelligence.
Can you play Call of Duty black ops on xbox Kinect?
No, you can only play games on the Kinect if it's meant for the kinect, which Call of duty black ops is not meant for.
What is the meant by the term responsibility?
any duty, obligation, or burden.
Is risk management meant to only be used on duty?
False
Is risk management only meant to be used on-duty?
False
Meaning of duty draw back?
Duty drawback allows OE product manufacturer to withdraw duty or customs related expenses from the components which are meant for export.
What is meant by responsible citizenship?
voting, going to jury duty, and community service.
Is there going to be call of duty 3 or ghosts 2?
Just in case somebody sees this I meant call of duty black ops 3
What is meant by the term 'breach of duty'?
In legal terms, a breach of duty when the failure of care is committed by one party to another. The party has failed to live up to the standards of duty of care.
Lack of food meant the German people were?
starving
What is meant by duty conscious?
Being duty-conscious means being mindful, aware, and responsible for fulfilling one's responsibilities and obligations. It involves prioritizing duty and carrying out tasks diligently and conscientiously.
What is central excise duty?
The central excise duty refers to an indirect tax which is levied on goods manufactured in India. These are the goods which are meant for consumption at home.
