Auditing

Auditing

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

Contributors in Auditing

Auditing

Unintentional misstatements or omissions in financial statements. Errors may involve mistakes in gathering or processing accounting data, incorrect estimates from oversight or misinterpretation of ...

estimation sampling

Accounting; Auditing

is sampling to estimate the actual value of a population characteristic within a range of tolerable misstatement.

evidence

Accounting; Auditing

(evidential matter) includes written and electronic information (such as checks, records of electronic fund transfers, invoices, contracts, and other information) that permits the auditor to reach ...

examination

Accounting; Auditing

is evaluating the preparation of prospective statements, support underlying assumptions, and presentation. The accountant reports whether, in his or her opinion, the statements conform to AICPA ...

examine

Accounting; Auditing

As an audit procedure, to examine something is to look at it critically.

except for

Accounting; Auditing

A qualified opinion. An auditor can qualify the audit opinion for both departures from U.S. GAAP in the financial statements and restrictions on the scope of the audit. The opinion paragraph of the ...