AZ Question - QS Study

What is audit?

Audit: an independent check on the financial accounts of an organisation. It is conducted by auditors who are professional accountants. Auditing is an essential part of......

What is accounting principles?

Accounting Principles: a chosen set of accounting conventions that must be applied consistently if company accounts are to be useful to observers. These include: matching......

Define the accounting period

Accounting period: the period of time, typically a year, over which an organisation records revenues and expenses, cash flows and changes in assets and liabilities.......

What is accountability?

Accountability is the extent to which a named individual is held responsible for the success or failure of a policy or a piece of administration.......