Any breach of independence must be inadvertent, according to PCAOB organization, before a decision to maintain independence is taken.
An entity—such as a firm, institution, or association—comprising one or more people and having a specific purpose is referred to as an organization or organization (Commonwealth English; see spelling variations).
The term is derived from the Greek word organon, which can refer to an instrument, a tool, or an organ.
There are many different legal types of organizations, such as businesses, governments, non-governmental organizations, political<u> organizations</u>, international organizations, armed forces, charities, for-profit corporations, partnerships, cooperatives, and educational institutions, among others.
A hybrid organization is one that performs public functions while also pursuing commercial market operations. It operates in both the public and private sectors concurrently.
An organization made up of volunteers is a voluntary association. Depending on the jurisdiction, these groups can be permitted to function without complying with legal requirements.
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