Internal Control Systems

Audit Working Papers
Audit working papers contain detailed evidence and information gathered during an audit, forming the basis upon which auditors can form an opinion and providing critical future reference.
Management Letter
A letter written by an auditor to the management of a client company at the end of the annual audit to suggest possible improvements to the company's accounting and internal control systems or to communicate other beneficial information.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.