AUDIT FAILURE Definition

Bookmark and Share

AUDIT FAILURE is an instance where the auditor said that the financial statements were fairly stated when in fact, they were not.

Learn new Accounting Terms

BEHAVIOURAL ACCOUNTING is the explanation and prediction of human behavior in all possible accounting contexts, e.g., adequacy of disclosure, usefulness of financial statement data, attitudes about corporate reporting practices, materiality judgements, and decision effects of alternative accounting procedures.

OTC see OVER THE COUNTER.

Suggest a Term

Enter Search Term

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