AUDIT ADJUSTMENT Definition

Bookmark and Share

AUDIT ADJUSTMENT is a correction of a financial information misstatement identified by the auditor, whether recorded or not.

Learn new Accounting Terms

OCCURRENCE deals with whether recorded transactions have occurred during a given period. For example, management asserts that sales in the income statement represent the exchange of goods or services with customers for cash or other consideration.

C&C can mean: Cash and Carry or Collection & Classification.

Suggest a Term

Enter Search Term

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