- Industria: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
In the ten U.S. generally accepted auditing standards there are three general standards: 1. The examination is to be performed by a person or persons having adequate technical training and proficiency as an auditor. 2. In all matters relating to the assignment, an independence in mental attitude is to be maintained by the auditor. 3. Due professional care is to be exercised in performing the examination and preparation of the report.
Industry:Accounting
Packaged computer programmes used on a variety of computers during audit field work to read computer files, select information, perform calculations, create data files, and print reports in a format specified by the auditor.
Industry:Accounting
Assuming the company will continue in operation long enough to realise its investment in assets through operations (as opposed to sale). Presenting assets at historical cost is justified by assuming productive assets will be used rather than sold. This makes market values irrelevant and supports accounting methods that match the actual cost of an asset to periods benefited.
Industry:Accounting
The gross margin from an income statement divided by net sales revenue.
Industry:Accounting
A printed copy of information as opposed to information stored in computer readable form.
Industry:Accounting
A computer and associated physical equipment involved in data processing or communications functions as opposed to software (the computer programmes that provide instructions the computer follows).
Industry:Accounting
Computer controls built into physical equipment by the manufacturer.
Industry:Accounting
A control total that has no meaning in itself except for control, e.g., total social security numbers of employees paid.
Industry:Accounting
Protect an entity against the risk of adverse price or interest-rate movements on its assets, liabilities, or anticipated transactions. A hedge avoids or reduces risk by counterbalancing losses with gains on separate positions.
Industry:Accounting
Of no importance. Something in financial statements that will not change decisions of investors.
Industry:Accounting
