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  • , admitted assets are assets whose values are permitted by state law to be included in the annual statement.
  • , entity assumption is the assumption that financial statements are prepared for an entity that is separate and distinct from its owners.
  • , continuing auditor is the auditor of the current year who also audited the financial statements of the client for the previous year.
  • abatement or relief from bodily or mental work, effort, application, etc., an activity or recreation that provides such relief; diversion; entertainment., a loosening or slackening., diminution or remission of strictness or severity., mathematics . a...
  • a student who stays away from school without permission., a person who shirks or neglects his or her duty., absent from school without permission., neglectful of duty or responsibility; idle., of, pertaining to, or characteristic of a truant., to be truant.,...
  • , bank balance is the amount of money in a bank account on a particular date as recorded by a financial institution on a bank statement.
  • a concluding section, commentary, etc., as of a book, treatise, or the like; closing statement.
  • cessation; pause; relief., noun, noun, continuation, abatement , break , cessation , interval , lapse , lessening , let-up , lull , recess , remission , respite , slackening , ebb , subsidence , diminish , ease , pause , reduction , slacken , slowdown...
  • a remission.
  • an act or instance of interrupting., the state of being interrupted., something that interrupts., cessation; intermission., noun, noun, continuation, abeyance , abeyancy , arrest , blackout , breach , break-off , cessation , check , cutoff , delay , disconnection...
  • to attach, append, or add, esp. to something larger or more important., to incorporate (territory) into the domain of a city, country, or state, to take or appropriate, esp. without permission., to attach as an attribute, condition, or consequence., something...
  • , non-cash expense is that expense which is recognized within the financial statements without actual cash being disbursed (e.g., depreciation, amortization, and write-offs).
  • , audit failure is an instance where the auditor said that the financial statements were fairly stated when in fact, they were not.
  • to sink to a low or lower level., to become quiet, less active, or less violent; abate, to sink or fall to the bottom; settle; precipitate, noun, the laughter subsided ., to cause coffee grounds to subside ., abatement , ebb , letup , remission , slackening,...
  • to bear or hold up (a load, mass, structure, part, etc.); serve as a foundation for., to sustain or withstand (weight, pressure, strain, etc.) without giving way; serve as a prop for., to undergo or endure, esp. with patience or submission; tolerate.,...
  • of unsound physical or mental health; unwell; sick, objectionable; unsatisfactory; poor; faulty, hostile; unkindly, evil; wicked; bad, unfavorable; adverse, of inferior worth or ability; unskillful; inexpert, an unfavorable opinion or statement, harm...
  • serving to emit., pertaining to emission.
  • , group accounts are the financial statements of a group of companies. these are usually presented in the form of consolidated accounts.
  • not religious; not practicing a religion and feeling no religious impulses or emotions., showing or characterized by a lack of religion., showing indifference or hostility to religion, adjective, irreligious statements ., agnostic , atheistic , blasphemous...
  • , entity theory is where a legal entity is regarded as having a separate existence from the owners. the financial statements are prepared from the perspective of the entity, not its owners. see proprietary theory .
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