GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
19:24 Jun 24, 2004 |
Thai to English translations [PRO] Bus/Financial - Accounting | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Ozethai Australia Local time: 21:40 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
4 +3 | analytical review or audit review |
| ||
3 | Audit |
|
Êͺ·Ò¹ Audit Explanation: Êͺ·Ò¹ = Audit (v) or Verify |
| |
Login to enter a peer comment (or grade) |
Êͺ·Ò¹ analytical review or audit review Explanation: Depending on the context, there are two meanings to this word in an audit. Firstly, it refers to an audit process almost at the end of an audit assignment at SGV Na-Thalang & Co., CPAs called "Analytical Review". The necessary audit evidences have been gathered, all the working papers including recalculations are done and documented, the final step is to find all the financial ratios measuring risks, performance, stability, in comparison with those of the previous years and with other organisations. This is called Analytical Review. Secondly, going over any calculation, process documentation -- in short, the work done by another person, usually that of a junior accountant or auditor -- in an audit, by a senior auditor, or supervisor, or manager, is also called a review. The work of any accountant who practise under a CPA must be reviewed, if the CPA is worth his salt. -------------------------------------------------- Note added at 4 hrs 4 mins (2004-06-24 23:29:18 GMT) -------------------------------------------------- The audit review is not just a review of accounts. It is a review on the trustworthiness of the figures in the accounts. Ergo, it includes reviewing and evaluating the established policies and guidelines, adopted or actual accounting practices, systems of internal controls, etc. -------------------------------------------------- Note added at 3 days 23 hrs 55 mins (2004-06-28 19:19:37 GMT) Post-grading -------------------------------------------------- Glad to be of help, but I was able to do so because of the context you gave when you asked your question. |
| |
Grading comment
| ||