AUDIT SCHEDULES Definition

Bookmark and Share

AUDIT SCHEDULES are the information formats developed by the external auditors to guide the corporation in the preparation of particular information presented in a particular manner that facilitates the audit. These should always be completed by the corporation prior to the start of the audit.

Learn new Accounting Terms

CONTRIBUTION MARGIN (CM) is the difference between sales and the variable costs of the product or service, also called marginal income. It is the amount of money available to cover fixed costs and generate profits.

DOUBLE RULE is a double line drawn under an amount when the amounts above are totals and no other entries will be made.

Suggest a Term

Enter Search Term

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