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

Advertising allowance

Accounting; Auditing

Discount offered by a manufacturer or supplier (the principal) to a wholesaler or retailer to cover local advertising or merchandising expenses for the principal's products.

Advisor account

Accounting; Auditing

An investment broker will set up this account to help a client with his or her financial needs. This account gives sole rights to the client based on advising from the investment broker.

Advertising appropriation

Accounting; Auditing

Amount allocated for advertising in an accounting period. It may be based on any one of the methods given under advertising appropriation methods.

Advertising appropriation methods

Accounting; Auditing

See (1) Affordable method, (2) Competitive parity method, (3) Objectives and task method, and (4) Percentage of sales method.

Adverse balance

Accounting; Auditing

Negative balance, specifically in the balance of payments account of a country.

Affinity fraud

Accounting; Auditing

When an individual or group of people set up bogus investment strategies for investors to take part in. This type of fraud is equivalent to Pyramid selling.

Affordable method

Accounting; Auditing

Advertising-expense budgeting method based on what a firm's owner, or marketing department, believes the firm can afford to spend on marketing. Since such budgets are not based on any definite ...