- Branża: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
In an attest engagement, a practitioner issues a written conclusion about the reliability of a written assertion that is the responsibility of another party.
Industry:Accounting
Determined. The level of control risk determined by the auditor, based on tests of controls, is the assessed level of control risk.
Industry:Accounting
These include journals, ledgers and other records, such as spreadsheets, that support financial statements. It may be in computer readable form or on paper.
Industry:Accounting
An audit opinion that the financial statements as a whole are not in conformity with U.S. GAAP.
Industry:Accounting
Management asserts financial statements are correct with regard to existence or occurrence of assets, liabilities or transactions, completeness of information in the financial statements, rights and obligations at a point in time, appropriate valuation or allocation, presentation, and disclosure.
Industry:Accounting
Recorded as an asset. A capitalized lease is in substance a purchase to the lessee. An asset is recorded equal to the present value of the lease payments, which is also recorded as a liability. Payments, partly interest and partly principal, are made on the lease liability. The lease asset is depreciated by the lessee as though it were legally owned by the lessee.
Industry:Accounting
Internal controls performed by computer (software controls) as opposed to manual controls. Also means general and application controls over the computer processing of data.
Industry:Accounting
An audit procedure. The auditor observes similarities and differences among similar items such as an account from one year to the next.
Industry:Accounting
A document issued by a carrier to a shipper, listing and acknowledging receipt of goods for transport and specifying terms of delivery.
Industry:Accounting
Debts due from customers from sales of products and services. Normally a current asset.
Industry:Accounting
