5 Terms
Home > Industry/Domain > Accounting > 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 termContributors in Auditing
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.
sampling error
Accounting; Auditing
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.
