BDO Introduction To Accounting and Audit- Abbreviations Flashcards

(34 cards)

1
Q

TSG

A

Technical Services Group

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2
Q

EiC

A

Early in Career

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3
Q

TRA

A

Technology Risk Assurance

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4
Q

DD

A

Due Diligence

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5
Q

RAS

A

Risk Advisory Services

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6
Q

LTD

A

Limited Companies

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7
Q

PLC

A

Public Limited Companies

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8
Q

LLP

A

Limited Liability Partnership

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9
Q

LSE

A

London Stock Exchange

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10
Q

AIM

A

Alternative Investment Market

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11
Q

FCA

A

Financial Conduct Authority

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12
Q

DR’s and CR’s

A

Debit and Credit

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13
Q

Balance c/d

A

Balance carried down

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14
Q

ERP

A

Enterprise Resource Planning

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15
Q

P&M

A

Plant and Machinery

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16
Q

b/f

A

brought forward

17
Q

PAYE

A

Pay As You Earn

18
Q

NI

A

National Insurance

19
Q

VAT

A

Value Added Tax

20
Q

TB

A

Trial Balance

21
Q

CRM

A

Client Relationship Manager

22
Q

SSC

A

Shared Service Standard

23
Q

P&L

A

Profit & Loss

24
Q

UK GAAP

A

United Kingdom General Accepted Accounting Practice

25
FRC
Financial Reporting Council
26
PIE
Public Interest Entity
27
ISAs
International Standards on Auditing
28
KPI
Key Performance Indicators
29
FSA
Financial Statement Area
30
UTE
Understand The Entity
31
UIC
Under Internal Controls
32
TOC
Test Of Controls
33
SAP
Substantive Analytical Procedures
34
OSP
Other Substantive Procedures