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Audit trail |
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Audit trailResolves the validity of an accounting entry by a step-by-step record by which accounting data can be traced to their source.Audit trail Similar MatchesAuditAuditThe official examination of a company's accounts by a qualified accountant external to the company. Post auditPost auditA set of procedures for evaluating a capital budgeting decision after the fact. Auditor's reportAuditor's reportThe report produced by a firm of Chartered Accountants which is part of a company's annual Report and Accounts.Auditors are required to certify that the accounts produced by their client companies have been prepared in accordance with normal accounting standards and represent a true and fair view of the company. If they don't feel able to certify as such, they may 'qualify' the accounts by saying that they weren't able to perform the checks they would have liked to. A qualified auditor's report is a serious matter for a quoted company, and will send alarms bells though the City. Tax auditTax auditAudit by the IRS or other tax-collecting agency to determine whether a taxpayer has paid the correct amount of tax. AuditorAuditorA person appointed by a company to perform an audit. In the UK auditors are Chartered Accountants.Auditors are required to certify that the accounts produced by their client companies have been prepared in accordance with normal accounting standards and represent a true and fair view of the company. If they don't feel able to certify as such, they may 'qualify' the accounts by saying that they weren't able to perform the checks they would have liked to. A qualified auditor's report is a serious matter for a quoted company, and will send alarms bells though the City. |
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