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

Pledge

Accounting; Auditing

Something given as security to guarantee payment of a debt.

Population size

Accounting; Auditing

The number of items in the population from which a sample is drawn.

Controller

Accounting; Auditing

An officer who supervises financial affairs of an entity. In internal control the controller is often the person with record keeping (general ledger) responsibilities, as contrasted with asset ...

Corroborate

Accounting; Auditing

(corroborating) (corroboration) (corroborative) To strengthen with other evidence, to make more certain.

Count

Accounting; Auditing

Enumerate some characteristic such as the number of items in inventory.

Cumulative effect

Accounting; Auditing

Of changing to a new accounting principle is the effect on retained earnings at the beginning of the current period. It is included in net income after extraordinary items. Only the direct effect ...

Custodian

Accounting; Auditing

One who has possession or is in charge of something. Some entities entrust investment securities to a bank, which is custodian of the company's securities.