ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
REPORTABLE CONDITION Definition
REPORTABLE CONDITION is a matter coming to the auditor's attention relating to SIGNIFICANT DEFICIENCIES in the design or operation of the entitys internal control that could ADVERSLY AFFECT an entity's ability to fulfill future obligations with customers and/or the satisfaction of liabilities.
Learn new Accounting Terms
VENDOR is a legal entity that promotes or exchanges goods or services for money.
THIRD PARTY RECOVERY normally refers to delinquent accounts receivable recovered by a collection agency for a fee.