A word outlawed by the PCAOB due to its offensive nature. The PCAOB deemed that this word possesses a serious threat to the
auditing community.
A word created by accountants to signify that a statement, through supporting evidence, is correct. Only evidence that supports the statement should be considered. Findings that contradict the statement should be disregarded as additional work may be required. Trust the source and
verify only those items that support the statement. Thinking is not required, and is even
discouraged, during this process.