field audits

field audits
Any on-site inspection of the bank's collateral may be referred to as a field audit. However the phrase is most often used to refer to on-site audits of a borrower's records related to sales, accounts receivable, accounts payable, customer records, and shipping documents. Field audits are often conducted by specially trained bank employees but may be done by internal bank auditors, external accounting firms hired by the bank, or firms specializing in this service. Written field audit reports contain significant information for secured lenders. American Banker Glossary

Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Field Audit — An audit is an investigation conducted by the Internal Revenue Service (IRS) into a taxpayer s financial records and tax return(s). A field audit is a systematic investigation by the IRS that is conducted at the taxpayer s place of business or at …   Investment dictionary

  • Newmont Mining Corporation — Type Public (NYSE: NEM, TSX: NMC) …   Wikipedia

  • Evangelical Council for Financial Accountability — The Evangelical Council for Financial Accountability (ECFA) is an accreditation agency to promote fiscal integrity and sound financial practices among member organizations. Founded in 1979, it comprises over 2,000 evangelical Christian… …   Wikipedia

  • Defense Contract Audit Agency — The Defense Contract Audit Agency (DCAA), under the authority, direction, and control of the United States Under Secretary of Defense (Comptroller), is responsible for performing all contract audits for the United States Department of Defense… …   Wikipedia

  • СДА 06-2009: Термины и определения, используемые в Единой системе оценки соответствия в области промышленной, экологической безопасности, безопасности в энергетике и строительстве — Терминология СДА 06 2009: Термины и определения, используемые в Единой системе оценки соответствия в области промышленной, экологической безопасности, безопасности в энергетике и строительстве: Access (access to a system or scheme) opportunity… …   Словарь-справочник терминов нормативно-технической документации

  • Non-revenue water — (NRW) is water that has been produced and is “lost” before it reaches the customer. Losses can be real losses (through leaks, sometimes also referred to as physical losses) or apparent losses (for example through theft or metering inaccuracies).… …   Wikipedia

  • Virginia State Police — Infobox Law enforcement agency agencyname = Virginia State Police nativename = nativenamea = nativenamer = |150px formedyear = 1932 preceding1 = Virginia Division of Motor Vehicles preceding2 = dissolved = superseding = legaljuris = Commonwealth… …   Wikipedia

  • United States Department of Defense — Department of Defense Department overview Formed August 10, 1949 (1949 08 10) …   Wikipedia

  • Audit — For other uses, see Audit (disambiguation). Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management  …   Wikipedia

  • Information technology audit — An information technology audit, or information systems audit, is an examination of the controls within an Information technology (IT) infrastructure. An IT audit is the process of collecting and evaluating evidence of an organization s… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”