- auditors’ fees
- /'ɔ:dɪtəz fi:z/ plural nounfees paid to a company’s auditors, which are approved by the shareholders at an AGM
Dictionary of banking and finance. 2015.
Dictionary of banking and finance. 2015.
independence of auditors — The fundamental principle that auditors must be, and must be seen to be, independent to enable them to behave with integrity and make objective professional and business judgments. Specific threats to independence include: • an overdependence… … Accounting dictionary
audit committee — A committee of a *board of directors (or similar governing body) that oversees an organization’s auditing and *financial reporting. Under most systems of corporate governance, audit committees tend to be comprised of *outside directors to… … Auditor's dictionary
avoidable cost — An item of expenditure incurred at the discretion of the management of an organization. In contrast to a *sunk cost, an avoidable cost can be incurred or avoided on the basis of a management decision. For example, potential rental fees for… … Auditor's dictionary
broker — An intermediary in financial transactions. Brokers typically act as *agents to purchase and sell assets on behalf of others, and they operate in *markets for *securities, *commodities, *currencies, and insurance policies. Brokers are normally… … Auditor's dictionary
critical accounting — A reformist movement that challenges current accounting and auditing practices. Largely university based, the critical accounting movement is a broad school of thought that seeks emancipation from current social, economic, and power structures.… … Auditor's dictionary
independence — The absence of a relationship, obligation, or *conflict of interest that could comprise an auditor’s judgment. In external auditing, independence can be subverted (or can be perceived to be subverted) by many factors, including the following: (i) … Auditor's dictionary
per diem — A Latin expression meaning daily. The phrase is common in accounting and auditing, in which it is used to denote daily travel subsistence allowances and the charging of professional fees. Compare *per annum … Auditor's dictionary
remuneration — 1. *Salaries and *wages paid to an organization’s employees. 2. *Fees paid to an individual for the performance of services … Auditor's dictionary
Sikka, Prem Nath — born 1951 A British academic, and specialist in auditing and accounting. Founding joint editor of the *critical accounting journal *Accountancy, Business, and the Public Interest, Sikka is Professor of Accounting at the University of Essex in… … Auditor's dictionary
Financial distress — is a term in Corporate Finance used to indicate a condition when promises to creditors of a company are broken or honored with difficulty. Sometimes financial distress can lead to bankruptcy. Financial distress is usually associated with some… … Wikipedia