9 Terms
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Auditing
The systematic review and examination of an individual's or organization’s accounting records to verify their accuracy.
Industry: Accounting
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Accounting; Auditing
An audit procedure. The auditor observes similarities and differences among similar items such as an account from one year to the next.
Bill of lading
Accounting; Auditing
A document issued by a carrier to a shipper, listing and acknowledging receipt of goods for transport and specifying terms of delivery.
Batch
Accounting; Auditing
A set of computer data or jobs to be processed in a single programme run.
Federal Accounting Standards Advisory Board (FASAB)
Accounting; Auditing
An organisation that sets GAAP in the U.S. for federal government entities.
Financial Accounting Standards Board (FASB)
Accounting; Auditing
A nongovernment private organisation that sets GAAP in the U.S. for profit making entities and not-for-profit nongovernmental organizations.
Generally Accepted Accounting Principles (GAAP)
Accounting; Auditing
According to Rule 203 of the AICPA Code of Professional Conduct, GAAP for nongovernment entities include (in a conflict the source earlier in the list prevails): 1. FASB Statements and ...
Generally Accepted Auditing Standards (GAAS)
Accounting; Auditing
The ten auditing standards adopted by the membership of the AICPA. Auditing standards differ from audit procedures in that "procedures" relate to acts to be performed, whereas "standards" deal with ...
