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Simon Cole United Kingdom Local time: 23:41 Works in field Native speaker of: English
1 day 7 hrs confidence:
authority to operate an imprest account
Explanation: Imprest account is a rather ancient expression, where total expenses are re-imbursed exactly by payment. This gives exact control of what might be rather fluid cash transactions.
It is rather the equivalent, as an auditor, of banking the petty cash balance to prove its existence at that date. (or that was certainly the case for me as a lowly articled clerk when the then President of the Institute of Chartered Accountants (E&W), David Richards insisted I did this!)
fourth France Local time: 00:41 Native speaker of: English PRO pts in category: 96
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