Auditing, Volume 1 |
Common terms and phrases
accepted accounting principles accepted auditing standards account balances accounts payable accounts receivable AICPA amount analytical procedures attestation audit program audit report audit risk audit sampling audit working papers balance sheet bank statement billed cash disbursements cash receipts Chapter checks client company's complete confirmation control account control activities control objectives control risk assessment cost count customers December 31 deposit detect disclosure employees errors and frauds evaluation example expense financial statement assertions financial statements fixed assets Fraud Examiners GAAP income internal auditors internal control inventory Kingston Company LEARNING OBJECTIVE ledger liabilities loan management's material misstatements ments obtain evidence opinion overstated overstatement papers paragraph payments payroll percent performed personnel planning population problem processing professional purchase recorded Required responsibility revenue REVIEW CHECKPOINTS sales invoices standard unqualified test of controls tion tolerable misstatement transactions trial balance unaudited vouching year-end