SUMMARY ACCOUNT is a ledger account (such as a control account) whose balance represents the total of other account balances.
BLUE SKY LAW is a law providing for state regulation and supervision of the issuance of investment securities.
GENERAL STANDARD, in accounting, there are ten U.S. generally accepted auditing standards. Within those standards there are three general standards: 1. The examination is to be performed by a person or persons having adequate technical training and proficiency as an auditor. 2. In all matters relating to the assignment, an independence in mental attitude is to be maintained by the auditor. 3. Due professional care is to be exercised in performing the examination and preparation of the report.
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