Auditing

Auditing

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

Contributors in Auditing

Auditing

Computer controls designed to provide reasonable assurance that transactions are properly authorized before processed by the computer, accurately converted to machine readable form and recorded in ...

inquire

Accounting; Auditing

inquire : ask questions of client staff, noun is inquisition (ex. Holy Inquisition in Middle Ages)

shipping document

Accounting; Auditing

A document prepared when goods are shipped. It lists the date shipped, the customer, method of shipment, and quantities and specifications of goods shipped.

rights

Accounting; Auditing

Assertions about rights deal with whether the entity has rights to the asset at a given date. For example, management asserts that amounts capitalized for leases in the balance sheet represent the ...

simulation

Accounting; Auditing

Representation of the operation or features of one process or system through the use of another. Computer simulation of waiting lines can determine the number of employees needed to serve customers ...

risk analysis

Accounting; Auditing

An analysis of the possibility of suffering loss.

single audit act

Accounting; Auditing

This federal legislation requires state and local governments that receive federal aid of $500,000 or more in a fiscal year to have an audit under the act. A government that receives less than ...