VENTURE Definition

Bookmark and Share

VENTURE is an investment that is very risky but could yield great profits.

Learn new Accounting Terms

EXAMINATION, in an audit, is evaluating the preparation of  prospective statements, support underlying assumptions, and presentation. The accountant reports whether, in his
or her opinion, the statements conform to AICPA guidelines and assumptions provide a reasonable basis for the responsible party's forecast. The accountant should be independent, proficient, plan the engagement, supervise assistants, and obtain sufficient evidence to provide a reasonable basis for the report.

DOCUMENT RECONCILIATION is the synchronization of formalized documents to approved or changed requirements or specifications.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.