The term 'Area' encompasses both a two-dimensional space defined by boundaries, such as a floor area, lot area, and market area, and the scope or extent of expertise in a particular field.
Additional services provided by audit firms to their clients beyond the traditional audit engagement, such as tax advice and consultancy. Debate exists regarding the impact of these services on auditor independence.
A specialist is an individual with extensive knowledge and expertise in a specific field or area. In the context of securities, a specialist is a member of a stock exchange responsible for maintaining a fair and orderly market in one or more securities.
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