- Отрасли: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
Assertions about presentation deal with whether particular financial statement components are properly classified and described. For example, management asserts that long-term liabilities in the balance sheet will not mature in one year. Similarly, management asserts that extraordinary items in the income statement are properly classified and described.
Industry:Accounting
The auditor responsible for the greater portion of financial statements. The principal auditor may assume responsibility for the work of the other auditor or divide responsibility with the other auditor.
Industry:Accounting
The objective of pro forma financial information is to show effects on historical financial information as if a proposed event had occurred earlier.
Industry:Accounting
Proportional to size (pps) sampling A sampling plan that bases the likelihood of selecting a particular account on the relative size of that account, so larger accounts have a greater probability of being selected for the sample than smaller accounts.
Industry:Accounting
An action, such as a step performed as part of an audit programme or as part of the client's internal controls.
Industry:Accounting
An internal control included in computer software designed to assure that all transactions are handled as authorised and none omitted or added.
Industry:Accounting
The portion of an entity that acquires resources and converts them to the product or service for customers.
Industry:Accounting
As an auditor includes the auditor's formal education and subsequent experience. The independent auditor must undergo training adequate in technical scope, including commensurate general education. The assistant entering an auditing career must obtain experience with proper supervision and review of his or her work by a more experienced superior.
Industry:Accounting
An audit programme is a listing of audit procedures to be performed in completing the audit. A computer programme (software) is a listing of steps to be performed in processing the data.
Industry:Accounting
