- Industry: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
Performed by CPAs include consultations, advisory services, implementation services, product services, transaction services, and staff and support services.
Industry:Accounting
Users evaluate accounting information by comparison. Similar companies account for similar transactions in similar ways. Another goal is comparison of one company's information from one period to the next (consistency). Operating trends should not be disguised by changing accounting methods.
Industry:Accounting
Is an existing condition involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) that will be resolved by future events. Estimates, such as the useful life of an asset, are not contingencies. Eventual expiration of the asset's utility is not uncertain.
Industry:Accounting
Is the auditor of the current year who also audited the financial statements of the client for the previous year.
Industry:Accounting
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.
Industry:Accounting
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. Such information from a prior year is used by the auditor in the current year's audit and is updated each year.
Industry:Accounting
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.
Industry:Accounting
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 individual receivables included in the subsidiary accounts receivable ledger.
Industry:Accounting
(written audit documentation) Records kept by the auditor of procedures applied, tests performed, information obtained, and pertinent conclusions in the engagement.
Industry:Accounting
