- Industria: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
The performance of audit procedures outside the CPA's office. Much field work, but not all, is done in the client's offices after the balance sheet date.
Industry:Accounting
Are prospective financial statements that present expected future financial position, results of operations, and cash flows based on expected conditions. A financial forecast is of the most likely future scenario.
Industry:Accounting
Are prospective financial statements that present, given one or more hypothetical assumptions, an entity's expected financial position, results of operations, and changes in financial position. A financial projection includes several alternative scenarios while a forecast is the single most likely scenario.
Industry:Accounting
Confirmation request A confirmation sent to the client's bank or other financial institution asking the bank to confirm directly to the auditor information about balances at a particular date.
Industry:Accounting
A schematic representation of a sequence of operations in an accounting system or computer program. Also called a flow diagram or flow sheet.
Industry:Accounting
A deliberate deception to secure unfair or unlawful gain. False representation intended to deceive relied on by another to that person's injury. Fraud includes fraudulent financial reporting undertaken to render financial statements misleading, sometimes called management fraud, and misappropriation of assets, sometimes called defalcations.
Industry:Accounting
Policies and procedures to assure proper operation of computer systems, including controls over data centre and network operations, software acquisition and maintenance, and access security.
Industry:Accounting
A book of original entry in a double-entry system. The journal lists transactions and indicates accounts to which they are posted. The general journal includes all transactions not included in specialised journals used for cash receipts, cash disbursements, and other common transactions.
Industry:Accounting
A record to which monetary transactions are posted (in the form of debits and credits) from a journal. It is the final record from which financial statements are prepared. General ledger accounts are often control accounts that report totals of details included in subsidiary ledgers.
Industry:Accounting
