Acceptable level of audit risk (for the auditor) Accountability Accountable (for) Accountants' report (UK) Accounting information system Accounting manual Accounts payable payment period Accounts receivable collection period Accrual-basis accounting Accuracy (financial stat., account balance, transactions) Achievable level of audit risk (for the auditor) Adding value (of the internal audit) Adequacy Adequate control Adverse opinion (audit report) Adverse report Age analysis of debtors' accounts Aged balance Ageing (aging) credits report of payables Ageing (aging) debits report of receivables Aging (ageing) of account Aging of accounts receivable method Aging schedule Agreed-upon procedures Analytical approach of audit Analytical procedure Analytical review Annual audit Application program examination (CAAT) Appropriate evidence Asset protection controls Assurance services Attendance at stocktaking Attest Attest function Attorney's letter Audit Audit (v.) Audit adjustment Audit approach Audit committee Audit completion checklist Audit cycle Audit detection risk Audit engagement Audit evidence Audit failures Audit files Audit findings Audit memorandum Audit objective Audit opinion Audit opinion letter Audit package Audit plan Audit program Audit report Audit risk Audit sampling Audit sampling and testing procedures Audit scope Audit software Audit stages Audit test Audit testing plan Audit trail Audit work schedules Audit working papers Auditability Auditable activities Auditee Auditing procedure Auditing process Auditing standards Auditing technique Auditor Auditor activities Auditor independence Authenticate (v.) Authorization Authorized auditor (UK) Bank confirmation Bank report Bankruptcy prediction Bona fide CAATs (computer-assisted audit techniques) Cash flow to capital expenditure ratio Cash flow to total debt ratio Certification Certified accounts Charter (internal audit charter) Check Check (v.) Check mark Chief audit executive Circularization Class of transaction Clean opinion Cluster sampling tests Code of ethics Collect (v.) documents Comfort letter Common size analysis (analytical procedure) Compensating error Compensating procedure Compilation Completeness Compliance Compliance audit Compliance deviation Compliance procedures Compliance requirement Compliance tests Compliance tests of control procedures Comply with (v.) Computer-assisted audit techniques (CAATs) Conclusions (internal audit) Conclusive Confirmation Confirmation letter Confirmation of receivables Conflict of Interest Consent letter Conservatism Consistency of financial statements (perceived by auditors) Continuous audit Control deviation Control environment (Company's organization in internal control) Control on a test basis Control policies and procedures Control procedures Control processes Control risk Control testing Corporate failure prediction Corporate governance Cost benefit relationship Cost-benefit ratio Counterbalancing error Credit risk Cross reference Crosscheck Crosscheck (v.) Crosschecking Crossfoot Crossfoot (v.) Cross-reference Current file Current ratio (current assets divided by current liabilities) Cut-off test Data trail Days' purchases in accounts payable Days' sale in receivables Days' sales in inventory Days' sales outstanding Days to sell inventory Dead stock Debt equity ratio (financial leverage) Debt ratio Debt/Equity ratio Defalcation Default risk Deficiency Delegation (of powers) Denial of opinion Design effectiveness (of control procedures) Detailed audit Detailed knowledge of client's business Detection risk Detective controls Diligence Directive controls Disclaimer of opinion (auditor) Division of duties Documentary evidence Documented Draft Due care Due diligence Due professional care Economical performance (costs consistent with goals and risks) EDP auditing Effectiveness of design (of control procedures) Effectiveness of operation (of control procedures) Efficient performance Electronic working papers Embedded audit facility (CAAT) Embedded audit module (CAAT) Embezzlement Engagement Engagement letter Engagement objectives Engagement period Engagement work program Enquiry Environmental audit Environmental controls Environmental risk Error Evaluation process Evidence evaluation Evidence gathering E-working papers Examination Examine (v.) an account Except for Except for (opinion) Exception Exception in audit testing Expectation gap Expense control Extent of auditing procedures Extent of coverage (controls) External audit External auditor External documents External reviews External service provider External sources Final conclusions Final visit Financial and operational performance ratios Financial audit Financial auditing Financial statement assertions (by management) Findings Flowchart Follow-up Foot (v.) a column of numbers Footed Fraud Full scope audit Gap analysis General control procedures Generalized audit software (CAAT) Generally accepted accounting principles (GAAP) Going concern Governance process Gross profit percentage Guidelines (professional practice) Hard-copy files Illegal acts Immaterial Impair (v.) Impairment Implement (v.) Implementation Inadequate (control) Incompatible duties Incompatible functions Indebtedness ratio Independence Independence of auditors In-depth approach of audit Index (v.) (document) Indexation (document) Indexing (document) Indicators Inherent Risk Inquiry Insider loans (related-party loans) Integrated test facility Interest coverage ratio Interest rate risk Interim audit Interim report Interim visit Internal accounting controls Internal audit Internal auditing department Internal auditor Internal check Internal control Internal control assertions (by management) Internal control procedures Internal control process Internal control questionnaire Internal control risk Internal control system Internal control weakness Inventory observation Inventory turnover (ratio analysis) Investigation Irregularity Issue of orders for payment Joint audit Joint auditor Kiting Lapping Lead schedule Legal representation letter Letter of recommendation Letter of representation Levels of aggregation (accounting information system) Limited assurance Limited audit Limited review (accounts) Liquidity ratio Long-form report Management Management advisory services (MAS) Management assertions Management audit Management control Management letter Management representation letter Management review Manual of procedures Mark (v.) off Marking off Material evidence Material weakness Materiality Materiality level Misappropriate Misappropriation of funds Misstatement Monitor (v.) (performances) Negative (confirmation) request Negative assurance (CPA) Negative confirmation NM (not meaningful) Objectivity Offsetting error Operating performance ratio Operating ratios Operational audit Opinions (internal audit) Organization chart Organizational independence Original document Original entry error Outside service provider Outstanding Overall review Parallel simulation (CAAT) Payment authority Percentage analysis Performance audit Period-to-period comparison Permanent file Physical examination Physical inventory Physical stock check Physical verification Planning materiality Plausibility check Positive (confirmation) request Positive assurance (CPA) Positive confirmation Post balance sheet review/audit Post year-end audit Postaudit Power to sign Preliminary Preliminary assessment of control risk Preliminary audit Preliminary knowledge of client's business Preventive controls Pre-year end audit Probe (v.) Procedural audit Procedure manual Procedures Professional competence Professional skepticism Professional standards Proficiency Profitability ratios Program code analysis (CAAT) Purpose statements (audit reports) Qualification Qualified opinion Qualified report Quality audit Questionnaire Quick ratio (or acid test ratio) Random sample Random sampling Ratio analysis Ratio debt to debt plus equity (financial leverage) Reasonable assurance Reasonable certainty Reasonableness test Recommendations Reference Registered auditor Registered legal auditor Related parties Relevance Relevance of audit evidence Relevant documents Reliability of audit evidence Reliable (reliability) Reliance on internal controls Reperformance as audit evidence Report form Reporting materiality Reporting partner Reporting standards Representation letter Representative sample Response letter Review Review (v.) Review (v.) financial statements Review engagement Reviewing Risk Risk analysis Risk appetite Risk assessment Risk based audit Risk factors Risk of material misstatement Risk tolerance Roll forward (procedure) Safe Safeguarding of assets Sample Sample selection Sample size (statistical tests) Sampling Sampling frame Sampling procedures Scanning (accounts, transactions) Schedule Schedule of audit differences Scope Scope limitation Scope of audit Scope of engagement (audit or review or compilation of accounts) Scope of work Scope reservation Score (v.) Second request Secondary auditor Security of assets Segregation of duties Segregation of functions Selective control Senior accountant Senior auditor Senior partner Separate-entity concept Separation of duties Sequence controls Sequential numbering Short-form audit report Signature card (checking account) Significance Significance level Significant Significant audit findings Source document Special audit Special purpose audits Special report (US) Specialized audit software (CAAT) Specific control procedures (of part of an information systems) Spot check Spot checking Spreadsheet Stage Standard opinion Standard report Standard unqualified audit report Standards Statistical sampling Statistics Statutory audit Statutory auditor Subject to opinion Substance over form Substantiate (v.) Substantive assurance Substantive procedures Substantive tests Sufficient evidence Supervision Supervisor Supporting documentation Survey Template (templet) Terms of reference Testing procedures Tests of controls Tests of detail (vouching, physical examination...) Tick (v.) Tick/tick mark Tickler file (US) Tolerable error Tolerable level of exceptions Trace (v.) Tracing Transaction testing (class of transaction) Unaudited statement Unqualified audit Unqualified opinion (audit report) Unqualified report Validity Validity test Verification Vouch (v.) Voucher Vouching Walk-through Weakness investigation Work file Work papers Working capital ratio Working paper Working papers Worksheet Written evidence Year-end audit