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

Vouch

Accounting; Auditing

Prove accuracy of accounting entries by tracing to supporting documents.

Continuing auditor

Accounting; Auditing

Is the auditor of the current year who also audited the financial statements of the client for the previous year.

Voucher

Accounting; Auditing

A document in support of an expenditure. The signature of an appropriate official on the voucher is authorization for the treasurer to issue a check.

Continuing accounting significance

Matters of continuing accounting significance are those normally included in the permanent audit documentation, such as the analysis of balance sheet accounts, and those relating to contingencies. ...

Webtrust engagements

Accounting; Auditing

A CPA issues an opinion on a web site when the business and information privacy practices, transaction integrity, and protection of customer information meet certain standards.

Control accounts

Accounting; Auditing

Are general ledger accounts that report totals of details included in subsidiary ledger accounts. For example, Accounts Receivable is a general ledger account with a balance equal to the total of the ...

Working papers

Accounting; Auditing

(written audit documentation) Records kept by the auditor of procedures applied, tests performed, information obtained, and pertinent conclusions in the engagement.