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  2. Proof of funds - Wikipedia

    en.wikipedia.org/wiki/Proof_of_Funds

    A proof of funds (POF) is a document such as a bank statement proving that a person or a company has the financial ability to perform a transaction or meet a potential future liability. The POF can be issued by a bank, a financial institution or a trade finance provider. For instance, a POF is generally obligatory for people seeking mortgages ...

  3. How long should you keep your student loan records and ... - AOL

    www.aol.com/news/2019-04-12-how-long-should-you...

    Bottom line: Keep at least until your loan has been repaid. 4. Student loan receipt. You can typically request and receive a loan receipt from your loan servicer or lender. You could use it to ...

  4. Audit evidence - Wikipedia

    en.wikipedia.org/wiki/Audit_evidence

    Audit evidence is evidence obtained by auditors during a financial audit and recorded in the audit working papers. Audit evidence is required by auditors to determine if a company has correct information considering their financial statements. If the information is correct, a CPA (Certified Public Accountant) can confirm the company's financial ...

  5. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.

  6. Vouching (financial auditing) - Wikipedia

    en.wikipedia.org/wiki/Vouching_(financial_auditing)

    Vouching is a technical term that refers to the inspection of documentary evidence supporting and substantiating a financial transaction, by an auditor. It is the essence of auditing [1] Vouching is the practice followed in an audit, with the objective of establishing the authenticity of the transactions recorded in the primary books of account.

  7. Financial audit - Wikipedia

    en.wikipedia.org/wiki/Financial_audit

    A financial audit is conducted to provide an opinion whether "financial statements" (the information is verified to the extent of reasonable assurance granted) are stated in accordance with specified criteria. Normally, the criteria are international accounting standards, although auditors may conduct audits of financial statements prepared ...

  8. Comfort letter - Wikipedia

    en.wikipedia.org/wiki/Comfort_Letter

    A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. [1] The comfort letter can be issued by a Certified Public Accountant declaring no indication of false or misleading information in the financial statements and that the company's prospectus follows the prevailing accounting standards.

  9. Statements on Auditing Standards (United States) - Wikipedia

    en.wikipedia.org/wiki/Statements_on_Auditing...

    In the United States, Statements on Auditing Standards provide guidance to external auditors on generally accepted auditing standards (abbreviated as GAAS) in regards to auditing a non-public company [1] and issuing a report. They are promulgated by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA ...

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