INSPECT / INSPECTION Definition

Bookmark and Share

INSPECT / INSPECTION, during an audit, is to scrutinize or critically examine a document. As part of a CPA firm's quality control system, a procedure to monitor the effectiveness of the system.

Learn new Accounting Terms

WITHHOLDING TAX usually refers to those taxes that are withheld from an employee's compensation to account for that individuals tax liability on his/her compensation.

ATM see AUTOMATED/AUTOMATIC TELLER MACHINE.

Suggest a Term

Enter Search Term

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