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Accounting Institute Seminars, Inc.
Отрасли: Accounting
Number of terms: 7464
Number of blossaries: 0
Company Profile:
objective, is goal, aim at, seeking to, trying to reach
Industry:Accounting
The internal auditors' objectivity depends on the organizational status of the internal audit function, whether the internal auditor has direct access and reports regularly to the board, the audit committee, or owner-manager, and who oversees internal auditor employment decisions.
Industry:Accounting
Assertions about obligations deal with whether liabilities are obligations of the entity at a given date. For example, management asserts that amounts capitalized for leases in the balance sheet represent the cost of the entity's rights to leased property and that the corresponding lease liability represents an obligation of the entity.
Industry:Accounting
To do away with something so as to leave no trace.
Industry:Accounting
(observation) Watch and test a client action (such as taking inventory).
Industry:Accounting
Assertions about occurrence deal with whether recorded transactions have occurred during a given period. For example, management asserts that sales in the income statement represent the exchange of goods or services with customers for cash or other consideration.
Industry:Accounting
Access to a computer for immediate processing without having to wait for a batch of transactions to be processed at a later time.
Industry:Accounting
How an internal control was applied, the consistency with which it was applied, and by whom.
Industry:Accounting
from continuing operations is reported on an income statement.
Industry:Accounting
A CPA's conclusion held with confidence but not substantiated by positive knowledge or proof.
Industry:Accounting