Abbreviation for Administrative Organization and Internal Control and relates to the functioning of business processes necessary for reaching the objectives of the organization and ensuring reliable (accountability) information is available. (administratieve organisatie/interne controle)
General Pension Fund of St. Maarten is the fund in which all government or public sector workers participate.(Algemeen Pensioenfonds Sint Maarten). For more about APS, visit www.apsxm.org
Conducting an official examination of an individual's or organization's accounts.
Statement of the auditor about the financial statements based on findings of an audit. (oordeel van accountant)
Report made by the auditor at the completion of the audit work or research. (onderzoeksrapport)
The extent and boundaries of an audit, or in other words the who, what, where and when of an investigation. (omvang van het onderzoek)
A statement of the financial position of a business that lists the assets, liabilities and equity at a particular point in time. (het balans)
A financial plan for a defined period, often once a year. (begroting)
Overages are expenditures and investments that are higher than estimated. Under-budget refers to expenditure or investment that is less than budget, or income higher than estimated. (over- en onderschrijding van begroting)
System where cash payments or receipts are recorded at the times these payments or receipts occur. (kasstelsel)
