audit fee — auditors remuneration The amount payable to an auditor for an audit; this has to be approved at the annual general meeting of a company. In the financial statements, audit fees must be distinguished from fees payable to the auditor for non audit… … Accounting dictionary
audit fee — auditors remuneration The amount payable to an auditor for an audit; this has to be approved at the annual general meeting of a company. In the financial statements, audit fees must be distinguished from fees payable to the auditor for non audit… … Big dictionary of business and management
Fee reports — Reports include: Accrued Fee to be paid/received Accrued Fee per Customer Accrued Fee per Currency Accrued Fee per Compensation Group Accrued Fee per Facility Automatic fee settlements Fee settled in other currency Fee… … International financial encyclopaedia
Model audit — A model audit is the colloquial term for the tasks performed when conducting due diligence on a financial model, in order to eliminate spreadsheet error. (Also known as Model Review in some areas). A study in 1998 concluded that even MBA students … Wikipedia
Model Audit — A Model Audit is the colloquial term for the tasks performed when conducting due diligence on a financial model, in order to eliminate spreadsheet error. A study in 1998 concluded that even MBA students with over 250 hours of spreadsheet… … Wikipedia
Recovery Audit Contractor — [http://mailcenter.newmediagateway.com/healthport/files/flash docs/public/0/RACProgramEvaluation.pdf The Recovery Audit Contractor] (RAC) program was created through the [http://www.cms.hhs.gov/MMAUpdate/ Medicare Modernization Act of 2003] to… … Wikipedia
Auditor independence — refers to the independence of the auditor from parties, that have an interest in the financial statements of an entity. It is essentially an attitude of mind characterized by integrity and an objective approach to the audit process. The concept… … Wikipedia
Mutual fund fees and expenses — are charges that may be incurred by investors who hold mutual funds. Running a mutual fund involves costs, including shareholder transaction costs, investment advisory fees, and marketing and distribution expenses. Funds pass along these costs to … Wikipedia
Expense Ratio — Total Annual Fund Operating Expenses ( Expense Ratio ) the line of the fee table in the prospectus that represents the total of all of a fund s annual fund operating expenses, expressed as a percentage of the fund s average net assets. Looking at … Wikipedia
independence of auditors — The fundamental principle that auditors must be, and must be seen to be, independent to enable them to behave with integrity and make objective professional and business judgments. Specific threats to independence include: • an overdependence… … Accounting dictionary
low-balling — The offering of a very low *sales price to undercut competitors and thereby win a *contract. From the 1980s, external auditors (and the *Big Four firms in particular) have often been accused of low balling in order to gain audit clients. The low… … Auditor's dictionary
