0
What does reliability mean in terms of audit evidence Give an Example?
Wiki User
∙ 15y ago
It's the ability of an auditor to give a comprehensive, logical and convincing audit report. A good example of where reliability applies is in cases where there is change in files and backup files are unavailable.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What does reliability mean in terms of accounting?
Reliability is a basic accounting principle, known also as the objectivity principle. The principle means that only transactions that can be verified will be entered into a company's books.
When you files taxes how long do you have to keep receipts and other proof for the IRS?
In terms of the IRS, generally you should keep them for three years from the date that you filed the return (the IRS can only audit you during the three year period following the filing of the return). However, there may be other legal reasons to keep them longer....
What does discount mean?
Testimony that is not believed for some reason.
What is business payment terms 3 percent 10 ff?
If terms are 3% 10FF, that means that payment will be made the 10th of the following month. It is very similar to 3/10EOM. example - if invoiced on 10/15/12 - payment will be due on 11/10/12
What is the accounting definitions of voucher?
You will almost never see this term used in an accounting text book. But a Journal Voucher (JV) or General Voucher (GV) or Voucher all refer to the same thing. (Each company has their own language / terms. ) It is a document used to record basic data that will be posted to the accounting system. It is used as a part of a company's internal control system. It will document accounts to debit / credit, amounts, currency, and prepared by and approved by, etc. The underlying purpose of a JV is to create an audit trail, so that weeks, months, or years later if a question arrises regarding a transaction there is documented evidence and support for why a transaction was posted or posted in the manner that it was posted.
What does reliability mean in terms of audit evidence?
it meens you have to be accurateit meens you have to be accurate
In networking terms what is reliability?
in networking terms, reliability means ensuring that each segment that the source send arrives at the destination
Which website is better in terms of reliability - WikiAnswers or Wikipedia?
wikipedia is more reliable in terms of reliability but wikianswers is easier and faster to use plus it cuts straight to the point
What is reliability in network?
in networking terms, reliability means ensuring that each segment that the source send arrives at the destination
Audit risk assessment and audit plan?
An audit is considered a risk assessment, therefore these terms are interchangeable. And audit plan can have various meanings, some consider this to be an annual audit plan which includes all the audits that will occur within a companies calendar year. Others consider this to be the plan for undertaking a specific audit. Its all in how you define the words, audit plan, audit schedule, audit check list.
Is an audit engagement and an attest engagement the same in accounting terms?
yes an audit engagement is a type of attest service where you provide assurance on information in the financial statements.
What does Audit Committee Terms of Reference mean?
It's the only way to define, focus and limit the terms of any audit committee Will it simply monitor? Will it try to detect fraud? Will it just balance the books? or any combination of functions
Which car is better a Toyota Auris or a VW Golf?
In terms of reliability? Toyota. By far. In terms of fun? VW. By far.
What is the difference between a safety inspection and a safety audit?
In most cases there is no real difference between a safety inspection and a safety audit. Some companies may choose to use the terms to describe different activity levels. For example, an inspection might be performed each week by a local supervisor, while an audit might be done once a year by a team from corporate management, or vice versa.
In terms of reliability what can be said about the depression test scores?
the test scored appear to be reliable
Are nitro RC cars better than brushless?
Yes in terms of speed and reliability.
What does reliability mean in terms of accounting?
Reliability is a basic accounting principle, known also as the objectivity principle. The principle means that only transactions that can be verified will be entered into a company's books.
