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Authentication of accounting records

Updated: 8/17/2019
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* Authentication is the process of identifying an individual, usually based on a username and password. Authentication is based on the idea that each individual user will have unique information that sets him or her apart from other users. * Authorization is the process of granting or denying a user access to network resources once the user has been authenticated through the username and password. The amount of information and the amount of services the user has access to depend on the user's authorization level. * Accounting is the process of keeping track of a user's activity while accessing the network resources, including the amount of time spent in the network, the services accessed while there and the amount of data transferred during the session. Accounting data is used for trend analysis, capacity planning, billing, auditing and cost allocation * Authentication is the process of identifying an individual, usually based on a username and password. Authentication is based on the idea that each individual user will have unique information that sets him or her apart from other users. * Authorization is the process of granting or denying a user access to network resources once the user has been authenticated through the username and password. The amount of information and the amount of services the user has access to depend on the user's authorization level. * Accounting is the process of keeping track of a user's activity while accessing the network resources, including the amount of time spent in the network, the services accessed while there and the amount of data transferred during the session. Accounting data is used for trend analysis, capacity planning, billing, auditing and cost allocation

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Q: Authentication of accounting records
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What do you know about the authentication of accounting records?

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What is Authentication of accounting records?

The authentication of accounting records is to check the accounts prepared by a company and report as to whether or not they show a true and fair view of a company's results for the year and its financial position at the end of the year. When the accountant has completed his work he must prepare a report containing the opinion he has formed. In simple cases he will be able to report that he carried out his audit work and that, in his opinion, the accounts show a true and fair view and are properly prepared in accordance with the relevant ordinance. In simple Authentication of accounting records defined as "a formal examination, correction, and official endorsing of financial accounts, especially those of a business, undertaken annually by an accountant".


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