An accounting ledger that shows the transaction and payment history of each client who is given credit (debiteurenadministratie).
Procedures and documentation for safeguarding assets, recording financial transactions and the ensuring the reliability of financial records. (accounting controls)
Accrual accounting or accrual-based accounting is an accounting method that records revenues and expenditures when they are incurred, regardless of when cash is received. (batenlastenstelsel)
The auditor rejects the entire financial statement as it fails to meet the established requirements; the identified errors are material and significantly influence the financial statement. (afkeurende verklaring)
Abbreviation for Administrative Organization and Internal Control and relates to the functioning of business processes necessary for reaching the objectives of the organization and ensuring reliable (accountability) information is available. (administratieve organisatie/interne controle)
Conducting an official examination of an individual’s or organization’s accounts.
Statement of the auditor about the financial statements based on findings of an audit. (oordeel van accountant)
Report made by the auditor at the completion of the audit work or research. (onderzoeksrapport)
A financial plan for a defined period, often once a year. (begroting)
Overages are expenditures and investments that are higher than estimated. Under-budget refers to expenditure or investment that is less than budget, or income higher than estimated. (over- en onderschrijding van begroting)