AUDIT SCHEDULES Definition

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

PENSION FUND is a fund reserved to pay workers pensions when they retire from service. Also known as SUPERANNUATION FUND.

COMPOUND INTEREST is interest calculated from the total of original principal plus accrued interest.

Suggest a Term