Accountancy

Accountancy
A profession regulated by accountancy bodies that oversees the activities of accountants, encompassing the process of accounting.
Accountancy Investigation and Discipline Board (AIDB)
The Accountancy Investigation and Discipline Board (AIDB), now known as the Accountancy and Actuarial Discipline Board (AADB), is a UK-based entity responsible for overseeing the professional conduct and disciplinary processes for accountants and actuaries.
Accountant
An Accountant is a qualified professional responsible for collating, recording, and communicating financial information. They prepare analyses for decision-making purposes and must have passed examinations from recognized accountancy bodies and completed required work experience.
AIDB (Accountancy Investigation and Discipline Board)
The Accountancy Investigation and Discipline Board (AIDB) was an independent regulatory body responsible for overseeing the accountancy profession, investigating allegations of accounting malpractice, and ensuring adherence to high professional standards.
Audit Fee
Audit Fees, also known as auditors' remuneration, are the amounts payable to auditors for conducting an audit of a company's financial statements, which must be distinguished from fees for non-audit work and approved during the company's annual general meeting.
CIPFA (Chartered Institute of Public Finance and Accountancy)
CIPFA is the professional body for people in public finance, offering qualifications, training, and a range of support for those involved in public sector accounting and financial management.
Confederation of Asian and Pacific Accountants (CAPA)
An accountancy organization in the Asia-Pacific region, CAPA aims to develop and coordinate the accountancy profession across 31 member organizations in 24 countries, ensuring high-quality services in the public interest.
Institute of Management Accountants (IMA)
The Institute of Management Accountants (IMA) is a professional organization focused on advancing management accounting and finance, recognized globally for its certifications and educational resources.
Invisible Earnings
Earnings from international transactions involving services such as insurance, banking, shipping, tourism, and accountancy.
Joint Disciplinary Scheme (JDS)
The Joint Disciplinary Scheme (JDS) is a regulatory system overseen by the Accountancy and Actuarial Discipline Board aimed at upholding professional standards and examining cases of misconduct within the realm of accountancy and actuarial professions.
Period of Account
The time span over which financial activities and statements are assessed, often corresponding to an accounting period.
Positive Accounting Theory
An approach in accounting that aims to explain the existing practices and rationale behind accounting methods, rather than prescribing how accounting should be done.
Public Interest Oversight Board (PIOB)
The Public Interest Oversight Board (PIOB) is an international oversight body established to enhance the quality and credibility of international professional standards in audit, ethics, and education for accountants, thereby protecting the public interest.

Accounting Terms Lexicon

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