- Industria: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
One who has possession or is in charge of something. Some entities entrust investment securities to a bank, which is custodian of the company's securities.
Industry:Accounting
Designating a point of termination. An auditor uses tests of cutoff to obtain evidence that transactions for each year are included in the financial statements of the appropriate year.
Industry:Accounting
An internal control shortcoming or opportunity to strengthen internal controls.
Industry:Accounting
The risk audit procedures will lead to a conclusion that material error does not exist when in fact such error does exist.
Industry:Accounting
Departure from prescribed internal control. Often expressed as a rate at which the departure occurs.
Industry:Accounting
A statement that the auditor is unable to express an opinion as to the presentation of financial statements in conformity with U.S. GAAP.
Industry:Accounting
Revealing information. Financial statement footnotes are one way of providing necessary disclosures.
Industry:Accounting
Acceptance sampling (sampling to determine whether internal control compliance is greater than or less than the tolerable deviation rate) when the expected attribute occurrence rate is zero.
Industry:Accounting
Written or printed paper that bears information that can be used to furnish decisive evidence. Could also be a recording, computer readable information, or a photograph.
Industry:Accounting
