HASKINS & SELLS SERVICE CLASSIFICATI0N
by John R. Wildman
GENERAL AUDITS - CASH AUDITS - GENERAL EXAMINATIONS - EXAMINATIONS OF FINANCIAL CONDITION - LIMITED EXAMINATIONS - INVESTIGATIONS -PREPARATION OF STATEMENTS WITHOUT VERIFICATION - TAX ENGAGEMENTS -GENERAL ACCOUNTING SYSTEMS - COST SYSTEMS - BUDGETS - BOOKKEEPING AND ACCOUNTING ENGAGEMENTS - OPINIONS - MISCELLANEOUS
1. GENERAL AUDITS
A general audit comprehends verification of the assets, liabilities,
capital, and surplus as of a given date, and of the cash receipts and disbursements, income, expense, and miscellaneous profits and losses for a period ended on that date, together with the preparation of an audit report,
with or without a certificate.
This type of service contemplates that the accountant, in addition to verifying balances at a given date, shall satisfy himself reasonably as to the transactions resulting in such balances and as to the accuracy of the records.
2. CASH AUDITS
A cash audit comprehends verification of all receipts and disbursements for which an accounting should have been made during a period, of the accuracy of the cash records, and of the balance at the end of the period, together with the preparation of a report, with or without a cer-tificate.
3. GENERAL EXAMINATIONS
A general examination covers a period, and consists of verification
of assets, liabilities, capital, and an analysis of surplus, as of a given date, an analytical review of income, expenses and miscellaneous profits and losses for a period ended on that date, and the preparation of a report
containing a balance sheet and a statement of income and profit and loss, with or without a certificate.