state auditor
The appointed or elected official responsible for overseeing state fiscal transactions and auditing state-agency accounts. See AUDIT. [Cases: States 76. C.J.S. States § 229.]
Search Results for: state auditor
auditor
auditor. A person or firm, usu. an accountant or an accounting firm, that formally examines an individual’s or entity’s financial records or status. county auditor. An official who examines a county’s accounts and financial records. state auditor. The appointed or elected official responsible for overseeing state fiscal transactions and auditing state-agency accounts. See AUDIT. [Cases:
adverse opinion
An outside auditor’s opinion that a company’s financial statements do not conform with generally accepted accounting principles or do not accurately reflect the company’s financial position.
audit report
audit report. An outside auditor’s written statement, usu. accompanying a company’s financial statement, ex-pressing the auditor’s opinion of the accuracy of the company’s financial condition as set forth in the financial statement.
annual report
annual report. A yearly corporate financial report for shareholders and other interested parties. • The Securities Exchange Act of 1934 requires registered corporations to file an annual report on the SEC’s Form 10-K. An annual report includes a balance sheet, income statement, statement of changes in financial position, reconciliation of changes in owners’ equity accounts,
audit response
audit response. A letter that an attorney provides to a client’s financial auditors, usu. at the client’s request, re-garding matters such as pending or threatened litigation. • Audit responses should comply with the American Bar Association’s Statement of Policy Regarding Lawyer’s Responses to Auditors’ Requests for Information, published in December 1975. — Also termed audit-letter
working papers
working papers. 1. WORK PERMIT; esp., an employment certificate or permit required of an employer in some states before a minor may be hired. 2. Accounting. The records kept by an independent auditor of the procedures followed, tests performed, information obtained, and conclusions reached in an audit.