10 Terms
Home > Industry/Domain > Accounting > 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
Procedure
Accounting; Auditing
An action, such as a step performed as part of an audit programme or as part of the client's internal controls.
Processing control
Accounting; Auditing
An internal control included in computer software designed to assure that all transactions are handled as authorised and none omitted or added.
Production cycle
Accounting; Auditing
The portion of an entity that acquires resources and converts them to the product or service for customers.
Proficiency
Accounting; Auditing
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. ...
Programme
Accounting; Auditing
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.
Programmed controls
Accounting; Auditing
Are built into computer software and include reasonableness tests, control totals, and sequence checks.
Pronouncements
Accounting; Auditing
Of the FASB and GASB are rules that determine the principles for external financial reporting and disclosure.
