Related Words

Audit Trail: Resolves the validity of an accounting entry by a step-by-step record by which accounting data can be traced to their source.

Rake and Trail: Rake is the angle of the fork away from vertical toward the rider. Trail is the distance on the ground between a vertical line dropped straight down from the center of the wheel and a projec . . . View Full Definition

Standard Unqualified Audit Report: Audit report indicating that all auditing conditions have been met, no significant misstatements have been discovered and remain uncorrected, and the auditors feel the financial statements a . . . View Full Definition

Tax Audit: Notes issued by states or municipalities to finance current operations in anticipation of future tax receipts.

Quality Audit: The process of examining the elements of a quality management system in order to evaluate how well they comply with quality system specifications.

Light Trail: Image track recorded on photographic material when a point of light is shifted during exposure.

Internal Auditors: An independent group of experts in controls, accounting, and operations, who monitor operating results and financial records, evaluate internal controls, assist with increasing the efficienc . . . View Full Definition

Keyword Audit: Independent third-party verification of your keyword use, strategy, bidding, and return on investment.

Trail: The distance from the front axle’s vertical position on the ground, to the spot in front of it created by drawing a straight line from the angle of the forks. (Compare Rake). Trail is often . . . View Full Definition

Post-Audit: A set of procedures for evaluating a capital budgeting decision after the fact.