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

Index amortising note (IAN)

Accounting; Auditing

A security that has a payoff rate linked to the current market interest rate.

Indirect cost

Accounting; Auditing

An expense (such as for advertising, computing, maintenance, security, supervision) incurred in joint usage and, therefore, difficult to assign to or identify with a specific cost object or cost ...

Labour standards

Accounting; Auditing

Computed, estimated, or measured values (such as assembly time, operations per hour, output per unit of time, etc.) used in forecasting or evaluating labour performance.

Labour yield rate

Accounting; Auditing

Number of direct on-the-job labour hours estimated during a specific period, excluding the number of paid and unpaid absentees during that period.

The aggregate of all human physical and mental effort used in creation of goods and services. Labor is a primary factor of production. The size of a nation's labour force is determined by the size ...

Labour cost

Accounting; Auditing

The cost of wages paid to workers during an accounting period on daily, weekly, monthly, or job basis, plus payroll and related taxes and benefits (if any).