The activities in a period of time that are being audited.
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AUDIT STRATEGY
The plan the audited party has for answering questions that may be asked in the auditing process.
AUDIT TRAIL
A trail that shows a transactions history. It leads back to the source document . A clean trail is the sign of a well organized company.
AUDITA QUERELA
The name of a writ constituting the initial process in an action brought by a judgment defendant to obtain relief against the consequences of the judgment, on account of some […]
AUDITED FINANCIAL STATEMENTS
A statement made by an accountant that is chartered or certified.
AUDITEE
The business or individual that is being audited.
AUDITING EVIDENCE
An auditors evidence that is placed on statements. All records must be cross checked for accuracy.
AUDITING FOR COMPLIANCE
Watching a process to see its done properly.
AUDITING STANDARDS
The rules that auditors use to perform their jobs. The Auditing practices board in the UK and the Auditing standards board in the US set these rules.
AUDITOR
A public officer whose function is to examine and pass upon the accounts and vouchers of officers who have received and expended public money by lawful authority. In practice . […]
AUDITOR 1
1. An official of a government agency whose job is to inspect and examine records of public m monies made by appointed authorities . 2. An appointee of the court.
AUDITOR OF THE RECEIPTS
An officer of the English exchequer. 4 Inst. 107.
AUDITOR’S ADVERSE OPINION
The written view an auditor produces about a company. It could misrepresenting themselves, not followig GAAP rules, or information is being held back.
AUDITOR’S DISCLAIMER OF OPINION
When an auditor states they do not know a companies position due to not being finished or there is not enough information . Refer to adverse opinion and qualified opinion […]
AUDITOR’S OPINION
An auditor’s statement in their reports. The three types are unqualified, qualified, or adverse. The company may have gotten an uncertified auditor that cannot access the information needed. They may […]
AUDITOR’S QUALIFIED OPINION
An indepenent auditors opinion on a report. It states that auditing was done with restrictions or no restrictions. It suggests that the company has either hidden information or not kept […]
AUDITOR’S REPORT
A document auditors create to verify the records and position of a firm. This must be done yearly for incorporated and registered firms. AKA audit report.
AUDITORIUM STYLE
The arrangement of chairs in rows facing a platform.
AUDITORS OF THE IMPREST
Officers in the English exchequer, who formerly had the charge of auditing the accounts of the customs, naval and military expenses, etc.. now performed by the commissioners for auditing public […]
AUFSICHTSRAT
The SUPERVISORY BOARD of a German CORPORATION . See also VORSTAND.
AUGMENTATION
The increase of the crown’s revenues from the suppression of religious houses and the appropriation of their lands and revenues. Also the name of a court {now abolished) erected 27 […]
AUGMENTED PRODUCT
A product that has products added to it to make more than one stream for revenue. Refer to agile product .
AUGUSTA LEGIBUS SOLUTA NON EST
The empress or queen is not privileged or exempted from subjection to the laws. 1 Bl. Comm. 219; Dig. 1, 3, 31.
AULA
In old English law . A hall, or court; the court of a baron, or manor; a court baron. Spelman.
AULA ECCLESISE
The chief court of England in early Norman times. It was established by William the Conqueror in his own hall. It was composed of the great officers of state, resident […]