- Branża: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
A book issued by the comptroller general of the United States, sometimes called the "yellow book." Government Auditing Standards contains standards for audits of government organizations, programs, activities, and functions and of government assistance received by contractors, not-for-profit organizations, and other nongovernment organizations. These standards, which include designing the audit to provide reasonable assurance of detecting material misstatements resulting from noncompliance with provisions of contracts or grant agreements that have a direct and material effect on determination of financial statement amounts, are followed when required by law, regulation, agreement, contract, or policy. For financial audits, Government Auditing Standards prescribes fieldwork and reporting standards beyond those required by GAAS.
Industry:Accounting
scan documents into electronic images for storage. Reference and source documents may not be retained after conversion.
Industry:Accounting
established the Public Company Accounting Oversight Board and added requirements for publicly traded companies, their officers, boards and auditors. It increased penalties for corporate financial fraud.
Industry:Accounting
Interpretations of U.S. generally accepted auditing standards.
Industry:Accounting
is an agency that administers Federal securities laws which require disclosure of information about publicly traded securities. The SEC investigates securities fraud and regulates securities exchanges and brokers.
Industry:Accounting
The professional organization of CPAs in the U.S. It is a private organization of CPAs, not an arm of the government. Each state issues CPA certificates, not the AICPA. Since each state makes its own laws, each state could prepare and grade their own CPA examination. However, each state uses the uniform CPA exam prepared and graded by the AICPA.
Industry:Accounting
Statements on Auditing Standards are issued by the auditing standards board, the body of the AICPA designated to issue auditing pronouncements.
Industry:Accounting
A mathematic law applying to all kinds of numbers derived from other numbers (such as dollar amount of sales, found by multiplying the quantity sold times with unit price). It holds a 30% of the time of first non-zero digit of this number derived that will be unique, and will be just nine only of 4.6% of the time. Benford's law is used by auditors to identify fictitious kinds of numbers.
Industry:Accounting
are records kept by the auditor of procedures applied, tests performed, information obtained, and pertinent conclusions reached in the engagement. The documentation provides the principal support for the auditor's report.
Industry:Accounting
A compilation is presenting in the form of financial statements information that is the representation of management without expressing assurance. Compilation of a financial projection is assembling prospective statements based on assumptions of a responsible party, considering appropriateness of presentation, and issuing a compilation report. No assurance is provided on the statements or underlying assumptions. The accountant need not be independent.
Industry:Accounting
