Auditing

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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Auditing

Receiving report

Accounting; Auditing

A document completed in the receiving department, which identifies the purchase order that initiated the purchase, and the date, quantity, and condition of goods received.

Reconcile

Accounting; Auditing

A schedule establishing agreement between separate sources of information, such as accounting records reconciled with the financial statements.

A statement submitted to officially provide the SEC with information about an offering of securities. A registration statement includes audited financial statements (balance sheet, income statement, ...

Regression analysis

Accounting; Auditing

A statistical method for finding the relationship between two or more variables. Also called least squares or linear regression.

Regulation

Accounting; Auditing

S-x is a regulation of the SEC that explains the format of information to be submitted to the SEC. It is entitled "Form and Content of and Requirements for Financial Statements, Securities Act of ...

Related parties

Accounting; Auditing

Are those with whom the client has a relationship that might destroy the self-interest of one of the parties (accounting is based on measurement of arm's length transactions). Related parties include ...

Reliable

Accounting; Auditing

(reliability) Different audit evidence provides different degrees of assurance to the auditor. When evidence can be obtained from independent sources outside an entity, it provides greater assurance ...