Auditing

Auditing

The systematic review and examination of an individual's or organization’s accounting records to verify their accuracy.

Contributors in Auditing

Auditing

Supervision is directing efforts of assistants in the audit and determining whether objectives were accomplished. Elements of supervision include instructing assistants, keeping informed of problems, ...

suppliers

Accounting; Auditing

provide goods or services to an audited entity. Sometimes called vendors.

systrust engagements

Accounting; Auditing

A CPA tests a business system for its ability to operate without material error and reports on its reliability.

test

Accounting; Auditing

A sample from a population to estimate characteristics of the population.

test count

Accounting; Auditing

As part of inventory audit procedures auditors normally observe the client's employees counting physical inventory. A test count is inventory counted by the auditors to check the client's count.

test data

Accounting; Auditing

is run through a computer program to test the software. Test data can be used to test compliance with controls in the software.

test of controls

Accounting; Auditing

(tests of the operating effectiveness of internal controls) Auditors evaluate the design of controls, then determine if the controls are in operation. In order to rely on the controls they must also ...