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A draft audited accounts: When the external auditors of a company have finished the audt of the company, a draft accounts will usually be prepared. It is called a draft because it is still subject to "alteration" as it has not been finalised. An external auditor will have to sign a fully audited accounts but will not append such signature unless the accounts is finalised in all aspects. So, we may say a draft audited accounts is an accounts already audited by the external auditors but which is still subject to alterations and will eventually become a final audited accounts onces all alterations have been effected and the accounts signed by both the external auditors and the board of directors of the company.
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How many people get audited every year?
About 1% of returns are audited annually. The figure is higher for those with over $100,000 annual income and those claiming self-employment with the schedule C form.
Why would you get audited?
If you're talking about an IRS audit, it could be because you did something that set off a red flag (for example: people with an AGI of $40000 normally do not have $25000 in charitable contributions, and it might prompt a certain degree of interest). Also, the IRS selects a certain number of returns to be audited at random.
Is there a Smurf store?
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When was Chris Draft born?
Chris Draft was born on February 26, 1976, in Anaheim, California, USA.
What actors and actresses appeared in Final Draft - 2005?
The cast of Final Draft - 2005 includes: Corelle Nakamura as The Girlfriend
What is accountability audit?
A draft audited accounts: When the external auditors of a company have finished the audt of the company, a draft accounts will usually be prepared. It is called a draft because it is still subject to "alteration" as it has not been finalised. An external auditor will have to sign a fully audited accounts but will not append such signature unless the accounts is finalised in all aspects. So, we may say a draft audited accounts is an accounts already audited by the external auditors but which is still subject to alterations and will eventually become a final audited accounts onces all alterations have been effected and the accounts signed by both the external auditors and the board of directors of the company.
What is the difference between audited accounts and unaudited accounts?
the rough financial figure is called unauditted and financial figures audited by chartered accountants are called auditted
Why do accounts need to be audited?
To check that everything is correct.
What institutions sometimes call their checking accounts share draft accounts?
credit unions
What financial institutions sometimes call their checking accounts shared draft accounts?
credit unions
Financial institutions sometimes call their checking accounts share draft accounts?
credit unions
Which of these financial institutions sometimes call their checking accounts share draft accounts?
credit unions
What financial institution sometimes call their checking accounts share draft accounts?
credit unions
How do you spell autided?
Perhaps you mean audited as in being audited by the IRS
What is meant by write off of accounts what is write off of accounts?
Two possibl meanings :- The years annual balance sheet has been audited and thereby that years accounts are 'written off'. A possible debt owed to the business is said to be 'written off' if the payer goes out of business/ is liquidated.
What does 'Co. Ltd.' mean?
The full form of Co. Ltd. is "Company Limited." Investors or members of a limited company are liable only for what they have invested. In the Board of Directors there may be representatives from Govt. bodies and accounts must be audited by chartered Accountants.
Who are the persons responsible for ensuring proper maintenance of books of account?
The Bookkeeper is required to maintain the books. The accountant has to check the accuracy of the bookkeeper and finally the accounts are audited by he auditors to verify the completeness and accuracy.
