Auditing

Auditing

The systematic review and examination of an individual's or organization’s accounting records to verify their accuracy.

Contributors in Auditing

Auditing

If an auditor notices events that affect financial statements on which an audit report has been issued, they are considered when updating the report on the prior statements. If those statements are ...

User auditor

Accounting; Auditing

A "service auditor" is the auditor of an organisation that provides services such as data processing or pension trust administration to other organisations (the users). Auditors of the users (user ...

Validity cheque

Accounting; Auditing

Software control over input of data to a computer system. Data is compared with the type of data properly included in each input field, e.g., only letters in a name field.

Condensed financial statements

Accounting; Auditing

Are presented in considerably less detail than complete financial statements.

Valuation

Accounting; Auditing

An assertion made by management that each asset and liability is recorded at an appropriate carrying value.

Value-added network

Accounting; Auditing

A telecommunications network providing communication facilities, which enhance basic telecommunications services. They add value by passing, storing and converting messages. Also known as service ...