Dictionary of Accounting Terms: testcheck
testcheck
substantiation of certain items in an account or financial record so the auditor can form an opinion as to the accuracy of the entire account or financial record. The items examined can be based on a representative sample. An example is testchecking every fifth entertainment expense voucher for supporting documentation and approval.
Dictionary of Business Terms: testcheck
testcheck
substantiation of certain items in an account of financial record so the auditor can form an opinion as to the accuracy of the entire account or financial record. The items examined can be based on a representative sample. An example is testchecking every fifth entertainment expense voucher for supporting documentation and approval.
