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Accountant Terms


  > Accrual Method Of Accounting
In the context of a financial audit, audit findings represent weaknesses or deficiencies in internal controls, or instances of noncompliance with applicable laws and regulations, that are presented in an audit report.
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  > Accrual Method Of Accounting
Accounts for income and expenses in the 12-month period earned or incurred, which is not necessarily when it is received or paid.
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  > Cash Letter
A group of checks accompanied by a paper listing sent to a clearinghouse, a Federal Reserve Bank, or another institution. A cash letter contains a number of negotiable items, mostly checks, accompanied by a letter that lists the amounts and instructions for transmittal to another bank. May also be called a transmittal letter.
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   Accountant News:

St. Kitts-Nevis to Host 2007 Conference of Chartered Accountants

On Sunday 11th June a delegation of Chartered Accountants from the St. Kitts and Nevis Branch of the Institute of Chartered Accountants of the Eastern Caribbean (ICAEC) returned to the Federation after attending the 24th Annual Conference of the Institute of Certified Accountants of the Caribbean (ICAC), which was held in Barbados June 8-10 2006.

 The Annual Conference was held under the theme Sharpening the Edge and was attended by over 400 delegates from the Caribbean, and representatives from the Certified General Accountants (CGA) of Canada, Association of Certified Chartered Accountants (ACCA) of the UK. The Conference programme was aimed at providing tools for Accountants in the region to demonstrate the highest qualities of professionalism as they carry out their roles in the industry, private practice or in government. The keynote address was delivered by the Prime Minister of Barbados, Mr. Owen Arthur  who challenged the Accountants to provide the quality of service that will enable the region to meet the current challenges.

The Institute of Chartered Accountants of the Caribbean (ICAC) is headquartered in Jamaica. It has a. membership of over 2,400 Chartered Accountants and affiliates. The ICAC Conference which is held annually will be hosted by St. Kitts and Nevis in June 2007. In addressing the delegates at the 2006 Conference, President of the St. Kitts-Nevis Branch, Donald Thompson urged the delegates to attend the 2007 Conference and to take the opportunity to enjoy the beauty and the charm of the twin island Federation. From the overwhelming response of the delegates it is anticipated that the 2007  Conference will be one of the biggest ever.

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If you live in the following cities and need an accountant, you should contact our Iowa Accountants as soon as possible:

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Jul 14, 2006 - F.E.R.C, Strengthens Customer Protection, Facilitates Investment In Electricity Industry
The Federal Energy Regulatory Commission today harmonized provisions of two key Energy Policy Act of 2005 rulemakings addr...
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Aug 22, 2005 - The Accountant Charged The Receivership $285,885
In about 1990, Fleming hired a certified public accountant to prepare a compilation of USIC receipts and disbursements to ...
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