What does PBC stand for? The acronym PBC is short for "provided by client" or "prepared by client." Sometimes the terms "client request list", "information request list" (IRL), "PBC checklist", or "outstanding list" are used interchangeably; however, the accounting profession seems to use...
When individuals get audited, it’s to make sure they’re paying the correct amount in taxes on a regular basis. As a nonprofit,you don’t pay taxeson behalf of your organization. So does that mean you don’t have to worry about audits? Not exactly. Nonprofit financial audits function a...
I’m naive when it comes to finance and what terms mean and what they actually mean in real life complications but this looks like a very good question; “how many of those $ bonds are rehypothecated up the wazoo around the capitals of the world? ” Personally I hope anything big inves...