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

sample size

Accounting; Auditing

The number of population items selected when a sample is drawn from a population.

software

Accounting; Auditing

software, is program/material used for computers, its opposite is hardware.

Unless the auditor examines 100% of the population, there is some chance the sample results will mislead the auditor. This risk is sampling error. The larger the sample, the less chance of sampling ...

specialist

Accounting; Auditing

An expert at activities not usually done by auditors (such as an appraiser for valuation).

sampling risk

Accounting; Auditing

The possibility that conclusions drawn from the sample may not represent correct conclusions for the entire population.

statements on standards for accounting and review services (SSARS)

Accounting; Auditing

Pronouncements concerning unaudited financial information of a nonpublic entity issued by the AICPA Accounting and Review Services Committee.

scope

Accounting; Auditing

The type of engagement. The scope of an engagement might be a review, an audit, or a compilation. A scope limitation is a restriction on the evidence the auditor can gather.