Auditing

Auditing

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

Industry: Accounting

Add a new term

Contributors in Auditing

Become a Contributors

Auditing

parity bit

Accounting; Auditing

An extra bit added to a string of bits to increase the accuracy of data transmission.

password

Accounting; Auditing

A sequence of characters required to gain access to a computer system. Passwords are used to restrict computer system access to only authorized persons.

payroll

Accounting; Auditing

Department that determines amounts of wage or salary due to each employee.

A practice monitoring program in which the audit documentation of one CPA firm is periodically reviewed by independent partners of other firms to determine that it conforms to the standards of the ...

pending

Accounting; Auditing

pending, ex. a request for ticket is ''pending need'', this is request has not been fulfilled yet, or 'pending tax'', tax that hasn't been paid yet.

per diem

Accounting; Auditing

An allowance for daily expenses. Often used to reimburse employees for estimated expenses as opposed to accounting for each small component of the expenses.

permanent audit documentation

Accounting; Auditing

includes items of continuing accounting significance, such as the analysis of balance sheet accounts and contingencies. Such information from a prior year is used in the current audit and updated ...