Exempt Supply

Related terms

• Engagement Quality Control Review (EQCR)

  An objective evaluation of significant judgments and conclusions made in an engagement, performed by a reviewer not otherwise involved in the engagement, before the report is issued.

• Entity-Level Controls

  Controls operating at the level of the organisation as a whole rather than within a specific process — the control environment, risk assessment process, and board/audit committee oversight.

• Expected Credit Loss (ECL)

  A forward-looking provisioning model under Ind AS 109 that estimates credit losses on receivables and other financial assets, rather than waiting for a loss to be incurred.

• FIFO (First-In, First-Out)

  An inventory costing method that assumes the oldest stock on hand is sold first, so the earliest costs flow to cost of goods sold.