- المجال: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
Assertions about rights deal with whether the entity has rights to the asset at a given date. For example, management asserts that amounts capitalized for leases in the balance sheet represent the cost of the entity's rights to leased property.
Industry:Accounting
Representation of the operation or features of one process or system through the use of another. Computer simulation of waiting lines can determine the number of employees needed to serve customers at a particular time.
Industry:Accounting
This federal legislation requires state and local governments that receive federal aid of $500,000 or more in a fiscal year to have an audit under the act. A government that receives less than $500,000 can have an audit under the act or with specific laws and regulations of programs in which the government participates. Auditors report whether the audited entity has followed laws and regulations that may have a material effect on each major federal aid program.
Industry:Accounting
The number of population items selected when a sample is drawn from a population.
Industry:Accounting
software, is program/material used for computers, its opposite is hardware.
Industry:Accounting
Unless the auditor examines 100% of the population, there is some chance the sample results will mislead the auditor. This risk is sampling error. The larger the sample, the less chance of sampling error and the greater the reliability of the results.
Industry:Accounting
An expert at activities not usually done by auditors (such as an appraiser for valuation).
Industry:Accounting
The possibility that conclusions drawn from the sample may not represent correct conclusions for the entire population.
Industry:Accounting
Pronouncements concerning unaudited financial information of a nonpublic entity issued by the AICPA Accounting and Review Services Committee.
Industry:Accounting
