Auditing

Auditing

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

Industry: Accounting

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Auditing

working papers

Accounting; Auditing

(written audit documentation) Records kept by the auditor of procedures applied, tests performed, information obtained, and pertinent conclusions in the engagement.

control

Accounting; Auditing

A policy or procedure that is part of internal control.

write-off

Accounting; Auditing

Cancellation of part or all of a balance. Costs incurred that have no future utility are charged (written-off) to an expense or loss account, not carried forward as an asset.

control environment

Accounting; Auditing

is the attitude, awareness, and actions of the board, management, owners, and others about the importance of control. This includes integrity and ethical rules, commitment to competence, board or ...

write-up

Accounting; Auditing

In dollar terms a write-up is an intentional over-valuation of assets. In narrative terms a description of something or some event.

control policies and procedures

Control activities are the policies and procedures that help ensure management directives are carried out. Those pertinent to an audit include performance reviews, information processing, physical ...