- Industry: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
A statement submitted to officially provide the SEC with information about an offering of securities. A registration statement includes audited financial statements (balance sheet, income statement, and statement of cash flows) for the previous three years.
Industry:Accounting
A statistical method for finding the relationship between two or more variables. Also called least squares or linear regression.
Industry:Accounting
S-x is a regulation of the SEC that explains the format of information to be submitted to the SEC. It is entitled "Form and Content of and Requirements for Financial Statements, Securities Act of 1933, Securities Exchange Act of 1934, Public Utility Holding Company Act of 1935, Investment Company Act of 1940, and Energy Policy and Conservation Act of 1975."
Industry:Accounting
Are those with whom the client has a relationship that might destroy the self-interest of one of the parties (accounting is based on measurement of arm's length transactions). Related parties include affiliates of the client, principle owners, management (decision makers who control business policy) and members of their immediate families.
Industry:Accounting
(reliability) Different audit evidence provides different degrees of assurance to the auditor. When evidence can be obtained from independent sources outside an entity, it provides greater assurance of reliability for an independent audit than that secured solely in the entity. More effective internal controls provide more assurance about reliability of the accounting data and financial statements. The independent auditor's direct personal knowledge, from physical examination, observation, computation, and inspection, is more persuasive than information obtained indirectly.
Industry:Accounting
To give permission for. A manager authorises a transaction by signing a voucher authorising the disbursement.
Industry:Accounting
Sending money to someone at a distance. A remittance advice is a paper record of the amount sent, purpose of the payment, and associated account identification.
Industry:Accounting
A contingency with only a slight chance of occurring. In computer processing of information, a distant computer.
Industry:Accounting
The repeating by the auditor of a computation made by the client to cheque its accuracy.
Industry:Accounting
Matters coming to the auditor's attention that are communicated to the audit committee because they are significant deficiencies in internal control which could adversely affect the ability to record, process, summarize, and report financial data.
Industry:Accounting
