- Industry: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
Are built into computer software and include reasonableness tests, control totals, and sequence checks.
Industry:Accounting
Of the FASB and GASB are rules that determine the principles for external financial reporting and disclosure.
Industry:Accounting
These are either financial forecasts or financial projections. Prospective financial statements may cover a period that has partially expired. Statements for periods that have completely expired are not prospective financial statements.
Industry:Accounting
A registration statement filed with the SEC includes audited financial statements (balance sheet, income statement, and statement of cash flows) for the previous three years. A prospectus contains the same information and must be supplied to all parties to whom offers are made. There is a twenty-day waiting period between the filing of the registration statement and the first sale of securities. During this period, preliminary ads and a "red herring" prospectus can be provided to offerees but must be clearly marked as preliminary.
Industry:Accounting
A power of attorney granting a third party the right to a stockholder's vote. When management or others solicit proxies from stockholders, a copy of the proxy statement must be filed with the SEC ten days before mailing the solicitation. The proxy statement must include all information relevant to the matter voted on.
Industry:Accounting
A document from a buyer to a seller placing an order and listing quantities and specifications.
Industry:Accounting
(qualify) An audit opinion that the financial statements as a whole are presented in conformity with U.S. GAAP, with the exceptions noted.
Industry:Accounting
Relating to the quality of a trait, as opposed to quantitative, which means expressed as a number.
Industry:Accounting
Provide a CPA firm with reasonable assurance that personnel comply with professional standards and the firm's standards of quality, independence, integrity, and objectivity. It covers personnel management, acceptance and continuance of clients, engagement performance, and monitoring.
Industry:Accounting
