You often see data transfer rates over the Internet measured in Mbps, while local data transfer rates, such as between computers in your home, are measured as MBps. The lowercase b means bit, but an uppercase B means byte.. One byte is worth 8 bits. Therefore, 1 Mb is one-eigth the size of 1 MB.
Statutory interpretation is the act or process of interpreting and applying legislation. It is the principles developed by courts for interpreting statutes. This is also referred to as statutory construction. Sometimes the words of a statute have a plain and straightforward meaning.
Tweet. A statutory audit is an audit that is required by a government agency and does not pertain to all businesses in the UK. For example, statutory audits are required specifically by institutions, such as banks, brokerage companies and insurance companies in the UK.