Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• AUDIT - the inspection of the accounting records and procedures of a business, government unit, or othe...
  
  
• AUDIT BUREAU OF CIRCULATION (ABC) - a third-party organization that verifies the circulation of print m...
  
  
• AUDIT COMMITTEE - in a larger or more sophisticated corporation, the board may find it useful to appoin...
  
  
• AUDIT DOCUMENTATION - The written record of the basis for the auditor's conclusions that provides the s...
  
  
• AUDIT ENGAGEMENT - Agreement between a CPA firm and its client to perform an AUDIT.
  
  
• AUDIT EVIDENCE - includes written and electronic information (such as checks, records of electronic fun...
  
  
• AUDIT FAILURE - an Instance where the auditor said that the financial statements were fairly stated whe...
  
  
• AUDIT OPINION LETTER - a signed representation by an auditor as to the reliability and fairness of a se...
  
  
• AUDIT PLAN/PLANNING - developing an overall strategy for the expected conduct and scope of the audit. T...
  
  
• AUDIT REPORT - a signed, written document which presents the purpose, scope, and results of the audit. ...