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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
cancel supporting documents
Accounting; Auditing
To mark supporting documents as having been used to support a transaction so the same documents can't be used to support another transaction. An example is stamping vouchers "paid."
allocation
Accounting; Auditing
Distribution according to a plan. Depreciation, amortization, and depletion are methods to allocate costs to periods benefited.
accounting and review services
Accounting; Auditing
are official pronouncements covering compilation and review engagements. Compilation is presenting in the form of financial statements information that is the representation of management (owners) ...
EDI or Electronic Data Interchange
Accounting; Auditing
is the use of communication between an entity and customers or suppliers to transact business electronically. Purchase, shipping, billing, cash receipt, and cash disbursements can be completed ...
EDP or Electronic Data Processing
Accounting; Auditing
Processing of information by computer as opposed to handwritten records.
Federal Accounting Standards Advisory Board (FASAB)
Accounting; Auditing
An organization that sets GAAP in the U.S. for federal government entities.
Financial Accounting Standards Board (FASB)
Accounting; Auditing
A nongovernment private organization that sets GAAP in the U.S. for profit making entities and not-for-profit nongovernmental organizations.
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