Auditing

Auditing

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

Industry: Accounting

Add a new term

Contributors in Auditing

Become a Contributors

Auditing

Fraud

Accounting; Auditing

A deliberate deception to secure unfair or unlawful gain. False representation intended to deceive relied on by another to that person's injury. Fraud includes fraudulent financial reporting ...

General controls

Accounting; Auditing

Policies and procedures to assure proper operation of computer systems, including controls over data centre and network operations, software acquisition and maintenance, and access security.

General journal

Accounting; Auditing

A book of original entry in a double-entry system. The journal lists transactions and indicates accounts to which they are posted. The general journal includes all transactions not included in ...

A record to which monetary transactions are posted (in the form of debits and credits) from a journal. It is the final record from which financial statements are prepared. General ledger accounts are ...

General standard

Accounting; Auditing

In the ten U.S. generally accepted auditing standards there are three general standards: 1. The examination is to be performed by a person or persons having adequate technical training and ...

Generalised audit software

Accounting; Auditing

Packaged computer programmes used on a variety of computers during audit field work to read computer files, select information, perform calculations, create data files, and print reports in a format ...

Agreed-upon procedures

Accounting; Auditing

An engagement where the client specifies procedures and the accountant agrees to perform those procedures. An accountant may accept an engagement to apply agreed-upon procedures to financial ...