The Science and Practice of AuditingBookkeeper Publishing Company, 1903 - 76 էջ |
Այլ խմբագրություններ - View all
The Science and Practice of Auditing Elmer Henry Beach,William Winter Thorne Ամբողջությամբ դիտվող - 1903 |
Common terms and phrases
accountant's accounts receivable accuracy advertising agree amalgamation amount appear apportionment arrears ascertain assets and liabilities audit auditor bad debts Balance Sheet bank Bills Payable Bills Receivable Book and Cash Book to Ledger BOOK-KEEPER PUBLISHING BUSINESS MAN'S MAGAZINE Call Capital Expenditure carefully Cash Book-Check certificate charged Check additions Clerk Corporation correct cost accounts Counterfoil Receipt course Day Book debit defalcations depreciation detail Detroit discount Dividend duty entered entries examination expenses Fees Fort St Fund Insurance investments invoices journal Kiln loans Manager Manufacturing ment method Minute Book necessary paid Pass Book payments Petty Cash Book postings practical preference stock Profit and Loss proper purchase Purchase Ledger Rations Issued Book Receipt Book Reconciliation Rent Roll revenue SALES PROMOTION subscription Systems Thorne's tion Town Moor Trading Account Trial Balance Trust usual verify vouched vouchers Wages Book
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Էջ 76 - ... properly drawn up so as to exhibit a true and correct view of the state of the company's affairs according to the best of their information and the explanations given to them, and as shown by the books of the company.
Էջ 75 - In our opinion such Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the General Fund of the Society according to the best of our information and the explanations given to us, and as shown by the Books of the Society.
Էջ 70 - It is no part of an Auditor's duty to give advice either to directors or shareholders as to what they ought to do. An Auditor has nothing to do with the prudence or imprudence of making loans with or without security. It is nothing to him whether the business of a company is . being conducted prudently or imprudently, profitably or unprofitably ; it is nothing to him whether...
Էջ 70 - ... improperly declared, provided he discharges his own duty to the shareholders. His business is to ascertain and state the true financial position of the company at the time of the audit, and his duty is confined to that.
Էջ 70 - He must take reasonable care to ascertain that they do so. Unless he does this his audit would be worse than an idle farce. Assuming the books to be so kept as to...
Էջ 73 - ... and to such further statutory provisions as may apply to the particular class of undertaking. The usual practice is for him to be appointed, in the case of a new company, by the directors ; but he is subject to re-election at each successive annual general meeting, and at any such meeting the shareholders may (theoretically), if they so please, appoint another auditor. Unless the remuneration of the auditor be fixed at the time of his appointment, or by the articles of association, he is entitled...
Էջ 70 - But then comes the question, how is he to ascertain that position? The answer is, by examining the books of the company. But he does not discharge his duty by doing this without inquiry and without taking any trouble to see that the books themselves show the company's true position. He must take reasonable care to ascertain that they do so.
Էջ 73 - Acts is subject to the rules and regulations of the company concerned, and to such further statutory provisions as may apply to the particular class of undertaking. The usual practice is for him to be appointed, in the case of a new company, by the directors; but he is subject to re-election at each successive general meeting, and at any such meeting the shareholders may (theoretically), if they so please, appoint another Auditor.
Էջ 43 - ... Counterfoil Receipts given by Treasurer to Treasurer's Cash Book. Check all Day Book entries with Council Minutes, Police Pay Bills, Cattle Inspector's Sheets, and all other sources of information, and see that the correct amounts are carried into the books. Cattle Sanatorium (Standages). Thorough Toll Compositions. — North-Eastern and North British Railways. Fire Brigade Expenses. — Proportion charged to Insurance Companies : Call Fire Bills to Fire Brigade Day Book. Services of Police at...
Էջ 12 - ... employed must be the accountant himself (who receives his instructions by virtue of his being an expert in the matters requiring investigation), and it would thus seem that — however desirable it may be that he should receive, and even welcome, suggestions as to the modus operandi of his work — an accountant cannot submit his professional discretion to the dictation of his clients without sacrifice of self-respect and grave danger to his clients