Acceptance sampling

Acceptance sampling

Sampling to determine whether internal control compliance is greater than or less than the tolerable deviation rate.

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Part of Speech: noun
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Industry/Domain: Accounting
Category: Auditing
Company: AIS
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acceptance sampling

Accounting; Auditing

Sampling to determine whether internal control compliance is greater than or less than the tolerable deviation rate.

Acceptance Sampling

Economy; Economics

The process of sampling a portion of goods for inspection rather than examining the entire lot. The entire lot may be accepted or rejected based on the sample even though the ...

acceptance sampling

Agriculture; Animal feed

A statistical quality control method that seeks to determine the quality of a product by sampling a small portion of it. It does not assure that 100 percent of the product is ...

acceptance sampling

Software; Supply chain

Predetermined rules for choosing and analyzing samples of production or purchased material based on third-party agreements or previous experience with product, equipment, date, ...

acceptance sampling

Packaging; General packaging

The evaluation of a definite lot of material or product that is already in existence to determine its acceptability within quality standards.

acceptance sampling

Quality management; Six Sigma

Inspection of a sample from a lot to decide whether to accept that lot. There are two types: attributes sampling and variables sampling. In attributes sampling, the presence or ...

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Accounting; Auditing

Share a term with millions of users around the world and increase your online visibility.Share a term with millions of users around the world and increase your online ...

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Accounting; Auditing

Share a term with millions of users around the world and increase your online visibility.Share a term with millions of users around the world and increase your online ...

segregation of duties

Accounting; Auditing

means assigning different people the responsibilities of authorizing transactions, recording transactions, and maintaining custody of assets. Segregation of duties reduces the ...

revenue cycle

Accounting; Auditing

The portion of a company that fills customer orders, accounts for receivables, and collects those receivables.

self-checking digit

Accounting; Auditing

An extra digit is added to a number. The extra digit is computed from the other digits in the number. The computer program can then check input by recomputing and comparing the ...

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Accounting; Auditing

To examine again. The overall review of audit documentation is completed after field work. A peer review is a practice monitoring program in which audit documentation of one CPA ...

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